Lloyds fined £91m for hitting insurance customers with loyalty penalties while claiming to offer ‘competitive’ renewal quotes By Matt Oliver For The Daily Mail Published: 22:29 BST, 8 July 2021 | Updated: 22:29 BST, 8 July 2021 Lloyds Banking Group has been fined £91million by the City watchdog for misleading insurance customers. The High Street … Read more
Despite watchdog ordering insurers to stop exploiting loyal customers, it is vital to continue shopping around, says VICTORIA BISCHOFF By Victoria Bischoff for the Daily Mail Published: 22:26 BST, 1 June 2021 | Updated: 22:26 BST, 1 June 2021 At last! Insurers have finally been ordered to stop ruthlessly exploiting loyal customers by the City … Read more
I am concerned about the rising level of dog theft in my area with multiple cases being reported. When I take my dog out for a walk I keep a careful eye on her and often have her on a lead. However, I am still worried that someone might take her. I am looking at … Read more
Revealed: Areas with the highest rate of car insurance accident claims – including towns where one in five drivers have recently had a prang Sutton and Hemel Hempstead are home to drivers with most accidents Inverness was found to have the least accidents Rural locations tend to have a lower overall rate of main driver … Read more
One Call Insurance is again being called out by customers, who say it failed to cancel their policies when asked. This is Money previously reported on the firm not returning full refunds to its customers, despite them cancelling during the cooling-off period. The Yorkshire-based insurer now faces claims that payment is still being taken from … Read more
Car insurance costs reverse to lowest level in SEVEN years with premiums dropping a record 15% so far this year West Midlands has seen the largest fall in premiums in the UK The average cost of cover fell by £73.32 to £417.06 in the first three months of this year It means typical annual … Read more
A significant number of homeowners could be overpaying for their home insurance because they bought a policy from their mortgage provider, instead of searching for the best deal. Almost a third of homeowners have taken out an insurance policy through their mortgage provider at the time of their house purchase, according to research by Compare … Read more
Car insurance costs fall £55 on average in just three months as quieter lockdown roads drive a record price drop for motorists The average premium in the last 3 months dropped to just £652 This is a fall of £55 since the previous quarter – the biggest fall in 9 years The average cost of … Read more
Lloyd’s of London says Covid insurance payouts will hit record £6.2BILLION for 2020 as insurance market suffers £887m annual loss in biggest single event in its 335-year history Lloyd’s of London suffered £887m loss last year, after profits of £2.5bn in 2019 Insurer says it would have recorded a profit of £880m if not for … Read more
The average cost of insurance for older cars fell £87 in 2020 as more drivers kept their existing cars rather than upgrading to a new model, new research has revealed. Cars often become more expensive to insure as they get older, however, the pandemic has caused a decline in premiums which has offset the usual … Read more