Written Question·Treasury·UIN 27204
Motor Vehicles: Insurance
Tabled: 29 January 2025
Answered: 4 February 2025
Question
Jamie Stone
Liberal Democrat — Caithness, Sutherland and Easter Ross
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of regulation of motor insurers in the context of increases in premiums.
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. Motor insurance premiums have been affected by specific economic factors tha...
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