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Car insurance market faces overhaul
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Car insurance market faces overhaul
Exclusive pricing deals between motor insurers and price comparison websites will be banned, the UK competition regulator has said. The Competition and Markets Authority (CMA) said such deals were preventing insurers from making their products available more cheaply elsewhere. But the CMA has ruled out a cap on replacement car and repair charges which it originally favoured. It has been criticised by some for "inaction" following the inquiry. The planned changes could reduce premiums by about £20 a year, the AA motoring organisation said. But it questioned whether such a long inquiry was needed given it would make such a small difference to premiums.....Read more hereTags: None
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