Submitted on Monday 30th October 2023
Rejected on Wednesday 8th November 2023
Current status: Rejected
Rejection code: fake-name (see below for details)
Force insurers to cap prices at 15% of the value of the vehicle
As of today (30/10/2023) there are no laws or regulations regarding the pricing of vehicle insurance, allowing insurers to get away with increasing prices by insane amounts. Government needs to force insurers to cap prices to 15% of the vehicles value. Paying £3k/year on a £1200 car is extortion.
Any attempts to get an insurance quote for a newly passed 17yo driver on a cheap car, Vauxhall Corsa, Volkswagen Polo, etc, will result in quotes of £5000+, even with a black box. This is unacceptable.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We have published the following petitions, which you might like to sign:
Establish a Commission to investigate extortionate Car Insurance price rises: petition.parliament.uk/petitions/644067
Place a Cap on Motor Insurance Premium Increases: petition.parliament.uk/petitions/649918
Introduce fixed prices for car insurance based on power to weight ratio and age: petition.parliament.uk/petitions/646793
3.137.175.80 Thu, 21 Nov 2024 15:05:06 +0000
