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Regulation of Car insurance companies

Submitted on Thursday 4th August 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Regulation of Car insurance companies

Additional Information

Car insurance companies are charging huge amounts for car insurance especially for young drivers. This is because they are constantly encouraging people to claim more and more money from other insurance companies which means premiums increase. There needs to be some regulation to stop insurance companies from referring victims of accidents and regulation to bring down the cost of motoring.

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This petition was rejected

The Government e-Petitions Team gave the following reason:

Insurance companies are already regulated by the Financial Services Authority, which is accountable to H M Treasury.

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