Stop car insurance premium hikes for non-fault accident victims

Recent signers:
Stephen Milne and 19 others have signed recently.

The Issue

Car insurance companies in the UK are unfairly penalizing drivers who have been involved in accidents through no fault of their own by increasing their renewal premium. This practice not only adds financial strain on innocent drivers but also raises ethical concerns about the operations of insurance companies. A driver's record should reflect their actual risk level, not penalize them for incidents outside their control.

In a 2022 survey conducted by the Association of British Insurers, it was revealed that nearly 70% of drivers saw an increase in their car insurance premiums following a non-fault accident. This trend affects thousands of drivers annually, pushing them into financial hardship and burdening them with additional stress during an already challenging time.

We propose that a review be conducted by the Financial Conduct Authority, the body responsible for regulating the UK's financial services sector, to put an end to this unjust practice. Insurance companies should be prohibited from increasing premiums for policyholders involved in non-fault accidents. Instead, insurance companies should be incentivized to maintain fair pricing that accurately represents the true risk of their customers.

Join us in calling for a change to protect non-fault drivers from unfair premium hikes. By signing this petition, you're supporting a fairer insurance system and advocating for the rights of all innocent drivers.

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Recent signers:
Stephen Milne and 19 others have signed recently.

The Issue

Car insurance companies in the UK are unfairly penalizing drivers who have been involved in accidents through no fault of their own by increasing their renewal premium. This practice not only adds financial strain on innocent drivers but also raises ethical concerns about the operations of insurance companies. A driver's record should reflect their actual risk level, not penalize them for incidents outside their control.

In a 2022 survey conducted by the Association of British Insurers, it was revealed that nearly 70% of drivers saw an increase in their car insurance premiums following a non-fault accident. This trend affects thousands of drivers annually, pushing them into financial hardship and burdening them with additional stress during an already challenging time.

We propose that a review be conducted by the Financial Conduct Authority, the body responsible for regulating the UK's financial services sector, to put an end to this unjust practice. Insurance companies should be prohibited from increasing premiums for policyholders involved in non-fault accidents. Instead, insurance companies should be incentivized to maintain fair pricing that accurately represents the true risk of their customers.

Join us in calling for a change to protect non-fault drivers from unfair premium hikes. By signing this petition, you're supporting a fairer insurance system and advocating for the rights of all innocent drivers.

The Decision Makers

Financial Conduct Authority (FCA, UK)
Financial Conduct Authority (FCA, UK)

Supporter Voices

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