Transport Secretary set to crackdown on ‘spiralling cost’ of motor insurance as Labour Government says it is ‘determined’ to take action on soaring prices for car cover

A crackdown on the ‘spiralling cost’ of motor insurance will be unveiled by the Transport Secretary.

Louise Haigh told The Mail on Sunday she is ‘determined’ to take action on premiums which rose by 34 per cent last year – with the young and elderly drivers worst hit.

She said: ‘Car insurance isn’t a luxury – it’s a legal requirement and an essential for millions.’ 

However, her intervention comes amid reports that premiums are falling. 

The Transport Secretary is set to crack down on the ‘spiralling cost’ of motor insurance (file photo)

Louise Haigh said she was determined to take action on premiums which soared by 34 per cent last year, hitting young and elderly drivers the hardest

But Ms Haigh blames the Tories for failing to take action. 

‘Under them, the cost of cover soared due to unfair practices, surging inflation, pothole-ridden roads and rising car thefts,’ she said.

The ABI insurance body said that ‘a range of factors had impacted premiums’.