How dwelling and automotive insurance coverage costs are hovering by 20% (or extra!) as watchdog’s curbs backfire

New guidelines requiring insurance coverage firms to cease discriminating towards loyal policyholders have unleashed a wave of industry-wide worth will increase, The Mail on Sunday can reveal. 

Clients are being hit by inflation-busting 20 per cent-plus premium hikes on dwelling and motor insurance policies renewing this month. The dramatic will increase make a mockery of boasts made by the Metropolis watchdog that its guidelines would save loyal prospects greater than £4billion in premiums over the following ten years. 

Proof collected by the MoS reveals the value hikes are being imposed on those that have a longstanding coverage with their insurer

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