MoneySavingExpert News

Insurance

Ethnic minorities pay up to £280/yr more for car insurance than white people, says Citizens Advice

Ethnic minorities pay more than white people for car insurance, research from Citizens Advice has shown, with the charity arguing that the price differences are a result of an "ethnicity penalty".

22 March 2022

Motorbike insurer MCE to cancel cover for all 105,000 policyholders – what it means for you

MCE Insurance Company, which was one of the UK's biggest motorbike insurers, is to cancel all of its 105,000 remaining policies after falling into administration last year. The moves comes despite the insurer initially promising to honour existing cover until its planned end date.

18 March 2022

Motorbike insurer MCE falls into administration - what it means for its 105,000 policyholders

MCE Insurance Company, one of the UK's biggest motorbike insurers, has fallen into administration. The collapse affects around 105,000 policyholders but MSE can confirm that customers will continue to be covered until the end of their policy and claims will still be paid.

25 November 2021

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

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.

16 November 2021

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