Money Saving Expert Martin Lewis has issued an urgent car insurance warning to every driver in the UK as the laws are set to change.
He shared an update with shoppers on Thursday's instalment of the Martin Lewis Money Show - which airs on ITV. From next year, home and car insurance providers will be banned from charging a ‘loyalty premium’.
That means they won’t be able to charge customers who renew every year more – just because they know they’ll stay. READ MORE: Primark shoppers say £30 coat looks 'exactly the same' as £270 North Face jacket And while that’s good news, Lewis warned that it will mean customers are likely to see less competition in the market. “There’s a big rule change coming on January 1,” he said. “Car, motorbike, van
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