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How a clampdown on insurers could make them a better investment prospect

New regulation could have the most counterintuitive of consequences

By Andy Davis   July 2021

Rosemary Roberts / Alamy Stock Photo

This year, for the first time, I was offered a lower premium to renew my car insurance than my insurer charged when I moved to them. I’m used to getting a renewal quote around 20 per cent higher than I paid the first time, which means I always switch. This offer was almost 13 per cent lower.

Insurers have tended to penalise those who don’t switch car or house insurance every year by pushing up their premiums. The companies then spend this extra income on cut-price offers to win new customers like me. Those who shop around get…

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