Will it still pay to switch?
Dec 10, 2021
2 minutes
Alex Rankine Markets editor
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Say goodbye to the “loyalty penalty”. From next month insurers will be banned from penalising long-time customers. Consumers have long complained that renewal quotes for car and home insurance rise every year unless customers switch. Insurers profit from consumer inertia.
Figures from comparison site Compare the Market show that “over half of households saw their insurance
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