Analysis

Motor insurance affordability under pressure amid FCA scrutiny

By 2025-02-20T08:00:00

car insurance, affordable

As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?

Motor insurance premiums have more than doubled over the past decade, according to February 2025 data from market research firm Consumer Intelligence, with affordability becoming a key issue for consumers.

Against this backdrop, the FCA has been ramping up scrutiny over premium finance and commission structures, while the Labour government’s motor insurance taskforce – established in October 2024 to tackle high car insurance premiums – continues to face a number of setbacks.

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