New car insurance changes could see firms ‘hike premiums for a large number of customers’

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Martin Lewis has issued an urgent warning to road users over the changes, warning prices were likely to rise across the board.

He has argued insurance prices are likely to “meet in the middle” meaning some prices for new customers will rise.

Speaking previously, he said: “It is the end of the loyalty premium.

“From that date, insurers must, on aggregate, charge existing customers the same as new customers.

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