MoneySavingExpert News


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

Medical insurer WPA to pay out SECOND rebate to customers

Customers of not-for-profit medical insurer WPA will be paid a second rebate worth about 40% of their monthly premiums, after receiving a similar payment back in April

25 June 2020

Payment holidays and premium reviews confirmed for insurance customers struggling due to coronavirus

The financial regulator has confirmed it will introduce measures to help insurance customers struggling during the coronavirus pandemic – meaning insurers will need to assess whether they can change what's covered to offer customers lower premiums. Insurers may also be expected to offer customers payment holidays of up to three months

14 May 2020

LV offers car insurance refunds of up to £50 – but only to those hit hardest by coronavirus

Insurer LV is giving its customers with car and motorbike policies the chance to claim a refund of between £20 and £50

1 May 2020

Payment holidays and premium refunds proposed for insurance customers struggling due to coronavirus

The FCA has proposed measures to help insurance customers, including payment holidays and premium adjustments.

1 May 2020

Admiral to give car and van insurance customers a £25 refund due to coronavirus lockdown

A £25 refund will be automatically given to all customers for each car and van covered with Admiral as of 20 April 2020, which makes for a total of 4.4 million refunds

21 April 2020

Admiral, Churchill and Direct Line stop selling new travel insurance policies due to coronavirus

Three more major travel insurers have stopped offering travel insurance policies to new customers as a result of the coronavirus pandemic

13 March 2020