Motor Insurance: Fees and Charges
The question
To ask the Secretary of State for Transport, what discussions she has had with the motor insurance sector on trends in the level of insurance prices for first-time drivers.
Answered by Lilian Greenwood
The cross-Government motor insurance taskforce, launched in October, is comprised of ministers from relevant government departments and the Financial Conduct Authority and Competition and Markets Authority. The taskforce is supported by a separate stakeholder panel of industry experts representing the insurance, motor, and consumer sector.
The taskforce has been set up to support the Government’s missions to grow the economy and break down the barriers to opportunity for drivers of all ages, by acting on the cost pressures facing industry. We will provide updates on the taskforce’s work in due course.
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