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Government to regulate the Motor Insurance Industry

Submitted on Thursday 18th August 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Government to regulate the Motor Insurance Industry

Additional Information

This petition has been raised to urge the government to look into the Motor Insurance Industry processes and quoting policy. The government insist that it's a legal requirement to have motor insurance, yet they allow the industry to charge what they like for the "privilege" of driving on the roads. If insurance is a legal requirement then it must be made affordable to all.

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This petition was rejected

The Government e-Petitions Team gave the following reason:

The insurance industry is already regulated by the Financial Services Authority, which reports to H M Treasury.

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