MoneySavingExpert News

Insurance

Martin Lewis: The BIG insurance rule change is coming - what you need to know before 1 Jan

Important changes to the way insurers charge new and existing customers are on their way, which will put an end to the 'loyalty premium' borne by consumers, says MoneySavingExpert.com founder Martin Lewis.

15 October 2021

Lloyds, Halifax and Bank of Scotland pay out £13.6m in compensation over misleading home insurance renewal letters

About 350,000 Halifax, Lloyds and Bank of Scotland home insurance customers who had a policy between 2009 and 2017 have been paid an average of £38 each in compensation

9 July 2021

Car insurance premiums expected to fall by up to £35/yr as whiplash reforms take force

Drivers could save up to £35 a year on their car insurance, the Ministry of Justice has said, as major reforms to the claims process for whiplash injury come into effect this week.

1 June 2021

Cheapest car insurance prices since 2014 - many can save large NOW even if not at renewal

In a rare bit of good news, car insurance is at a seven-year low at an average £420/yr (£160 less than at its height). Part of the drop, according to the source, MoneySupermarket, is that fewer people driving in lockdown has meant fewer claims.

10 May 2021

Started driving to work during the pandemic and not updated your insurance? You may need to tell your insurer TODAY

A temporary extension of cover organised by the Association of British Insurers (ABI) trade body ends at 11.59pm tonight, and if you don't have the correct insurance in place you could be fined and left unable to claim.

30 April 2021

Small businesses to get coronavirus insurance payouts after landmark Supreme Court ruling

The ruling follows a test case brought last year

15 January 2021

Compare The Market fined £17.9m for banning home insurers from offering cheaper deals elsewhere

Price comparison website Compare The Market has been fined £17.9 million by the competition watchdog, after it banned home insurers from offering customers cheaper prices elsewhere

19 November 2020

Car and home insurers face ban on charging existing customers more than newbies

Car and home insurance customers should pay no more when renewing their policy than they would if they were taking out a new one with the same firm, under radical new proposals from the financial regulator

22 September 2020

Boost for small businesses after coronavirus insurance test case ruling – could it affect other insurance too?

The High Court has ruled that some insurers should have paid out to small businesses for losses caused by the coronavirus lockdown, in a judgment which could have far-reaching implications

15 September 2020

Insurers set to offer payment holidays and premium reviews until October

Measures introduced to help insurance customers struggling during the pandemic are set to be extended until the end of October

24 July 2020