Motor Insurance: Young People
Commons · Question 55874 · Tabled 30 May 2025 · Department for Transport · Official record
Answered 9 Jun 2025
Question
Asked by Andrew Cooper
To ask the Secretary of State for Transport, what steps she is taking to help reduce the cost of car insurance for drivers aged between 17 and 25.
Answer
Answered by Lilian Greenwood, 9 Jun 2025
The setting of premiums is a commercial decision for insurers based on their underwriting experience. Age and experience are factors that insurers use to price policies and there is evidence to suggest that younger drivers and those with less experience c...