"Dysfunctional" motor market referred to Competition Commission

car-crash

The OFT said it made the decision after it found evidence that insurers compete in a dysfunctional way that may push up premiums for drivers by £225m a year.

It added it had reasonable grounds to suspect that features of the private motor insurance market prevent, restrict or distort competition.

In a market study, the government body found that insurers of drivers who are at fault in a road traffic accident have little control over the way in which subsequent necessary repairs and vehicle

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