Paul Garrett
Senior Member
- Joined
- Apr 22, 2021
- Messages
- 1,012
- Reaction score
- 1,003
Insurance companies cannot no longer price walk policies for automatic renewals that what the new regs are for next year so if people do not want to change and stay with their company they cannot be charged more unless they contact to get a better deal like i do, i just do a bit of haggling with Hastings and they sort a better deal everytime so they can do it if they want to, just penalising people who just let them renew every year without checking and they pay more than neededThat’s not what the new rules mean. They will be able to increase premiums but if they do it has to be done on new business AND renewals so there’s parity.