Analysis

Briefing: Why insurers need to embrace Labour’s motor insurance taskforce

By 2024-10-24T08:00:00

motor insurance prices

The new government’s action provides the insurance industry with a golden opportunity to improve its reputation with consumers

It’s no secret that car insurance has been getting more expensive and for many drivers, it’s getting harder to keep up with these rising prices at a time when a cost of living crisis continues to put strain on the nation’s purse strings.

The new Labour government, elected in July 2024, has stepped into the breach this month (October 2024) by creating a motor insurance taskforce to “crack down on spiralling costs” by bringing together representatives from across the market to tackle this problem.

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Explore more motor-related stories here, or discover more briefing articles here

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