MSE News

Switch now: Martin's car and home insurance warning ahead of groundreaking rule changes

On 1 January 2022, regulator the Financial Conduct Authority (FCA) brings in new insurance rules. They primarily apply to vehicle insurance (car, motorbike, van) and home insurance (buildings & contents), but it's a monumental shake-up - the biggest I remember.

Update, 16 November 2021: This article was originally written by founder Martin Lewis for the site's weekly email on 13 October 2021. It has today (16 November 2021) been updated by the MSE Team.

The aim is to end price walking, where those who loyally renew each year are penalised by seeing their prices put up - while new customers get the best deals. It may mean cheap switchers' deals end soon, so check now if you can lock in cheaply, even if not at renewal. There's full car insurance cost-cutting and home insurance cost-cutting help on the site, but here's what you need to know and do about the new rules. 

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