The OFT has requested evidence that relates to the UK private motor insurance industry to assess in more detail recent reports of rising UK private motor insurance premiums, the reasons behind any increase (reported to be up to 40 per cent for annual comprehensive insurance) and consider whether further work may be necessary to improve the way the market works.

The OFT is asking insurers and other interested parties for comments on a number of aspects of the private motor insurance market that may raise competition or consumer issues, including: price comparison websites, credit hire replacement vehicles, insurance companies' use of panels of approved repairers, and ancillary products that are sold by insurance companies in addition to standard motor insurance cover.  

The OFT will accept written submissions from consumers and interested third parties up to 12 October 2011 and currently intends to publish a summary of findings and any proposed next steps in December 2011.