Car insurance annual premiums should not cost more than the vehicle value

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Petition Action

Car insurance annual premiums should not cost more than the vehicle value

Petition Details

I would like for Parliament to introduce legislation enforced by the FCA (Financial Conduct Authority) to cap car annual insurance premiums at the value of the vehicle for car insurance companies.

Additional Information

This is because insurance premiums for newer drivers can often exceed the price of the vehicle they are driving, making it unaffordable for many drivers.

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