Buildings insurance

If you bought (or just got quotes for) car or home insurance on Friday 19 July, it's possible you didn't see some of the cheapest deals, as some insurers were unable to offer quotes due to widespread IT problems. It means you may have been offered fewer options and/or higher prices than normal. Here's what you need to know.

The Financial Conduct Authority's executive director of strategy and competition Christopher Woolard explains why the regulator is examining how insurance firms set prices. Views do not necessarily reflect those of MoneySavingExpert.com.

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.

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.

MoneySavingExpert.com founder Martin Lewis says groundbreaking changes to the way insurers charge new and existing customers are soon to be introduced, which will put an end to the 'loyalty premium' shouldered by consumers.