Written Question·Treasury·UIN 5500

Insurance: Payment Methods

Tabled: 11 September 2024
Answered: 7 October 2024

Question

Sorcha Eastwood

AllianceLagan Valley

To ask the Chancellor of the Exchequer, if she will hold discussions with the Financial Conduct Authority on the (a) comparative costs of paying (i) vehicle and (ii) household insurance (A) annually and (B) in monthly instalments and (b) impact of such co

Answer

Tulip Siddiq
Treasury Ministers and officials have regular meetings with a wide variety of organisations in the public and private sectors on an ongoing basis. The Government recognises that the ability to pay insurance premiums in instalments is an important tool for...

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