Did you know that the rules around car insurance are changing from January
2022? The new rules will prevent car insurers charging less for new customers
(to entice them in) than customers who stay loyal to them. It is known as price
walking in the industry.
It’s good news for those who don’t shop around for their insurance and for those that do shop around, it will possibly save you time and effort in future. However, it may not save you money in the long run as it is likely that prices will go up, especially if you have been a switcher in the past. It’s difficult to know how the insurance industry might react to this. Perhaps they might meet in the middle with existing customers’ prices and those of new customers?
It is likely that the prices will start to change prior to the rule change in January so it’s worth looking now to see if you can make a switch. So, here are some tips to consider if you want to save some money before the rules t...