Written Question·Treasury·UIN 56135
Motor Insurance
Tabled: 30 May 2025
Answered: 9 June 2025
Question
Victoria Collins
Liberal Democrat — Harpenden and Berkhamsted
To ask the Chancellor of the Exchequer, what discussions she has had with the Financial Conduct Authority on the potential impact of changes to the costs of car insurance on vulnerable motorists.
Answer
Emma ReynoldsInsurers make commercial decisions about pricing and the terms of cover they offer based on their assessment on the likelihood of a claim being made and the cost of those claims. The Government does not set the terms, conditions, or prices for insurance p...
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