Submitted on Saturday 8th June 2019
Rejected on Wednesday 12th June 2019
Current status: Rejected
Rejection code: duplicate (see below for details)
Place a maximum cap on insurance premiums for younger drivers.
As a younger driver I never paid more than £700 for a years premium. I believe insurance companies could do more and place a 2x value cap on younger drivers. I.e a £600 car should not be valued to be insured for more than 2x it’s value I.e £1200.
Using a popular comparison web site. Only a single quote has been issued all other insurance companies have declined to quote my son for a £600 car. The insurance quote is £3688 this seems unreasonable and unfair and I cannot believe justifiable. This shows insurance companies using youth as cash cows to increase and inflate profit margins, not to cover required premium costs. This could potentially be a negative process thus increasing the risk of uninsured drivers on Britain’s roads.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
petition.parliament.uk/petitions/237781
3.136.233.222 Sun, 19 May 2024 09:39:31 +0100
