MSE News

Martin's car and home insurance warning: Get quotes NOW as rule change may see prices spike

Even if your car and home insurance is not up for renewal, everyone should get quotes now as in just a couple of days new rules may mean costs will spike.

This article was first written by (MSE) founder Martin Lewis for our weekly email on 1 December 2021. It was updated by the MSE Team on 30 December 2021.  

On 1 January, as Big Ben strikes midnight and 2022 is birthed, and while the champagne corks and party poppers pop, we will enter a brave new insurance world.

This is the day the regulator, the Financial Conduct Authority, brings in new, hopefully better, rules to turn the mainstream insurance market on its head. However, in the short run this change could result in a spike in prices for switchers, so this is my last chance clarion call to get quotes now, just in case.

We have full info in the Cheap Car Insurance and Cheap Home Insurance guides. Here are the need-to-knows...

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