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car insurance rip off

Submitted on Sunday 20th November 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

car insurance rip off

Additional Information

The fact that you require car insurance as a legal re quirement to drive a car on the highway and that the insurance companys can do what they like with the premiums to buy said insurance without any sort of control and no other option for consumers to go for amounts to a monopoly.
Insurance industry requires overhaul and regulation and give people a chance to drive initially at a reasonable price,if they have a claim as there fault then adjust the premium.The excessive thousands of pounds demanded for younger drivers is not affordable for them and there familys so they can not drive and gain valuable experience needed to gain no claims discount.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

This is a matter for the insurance industry, which is regulated by the Financial Services Authority.

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