Submitted on Wednesday 15th May 2019
Published on Monday 17th June 2019
Current status: Closed
Closed: Wednesday 6th November 2019
Signatures: 11
Stop insurance companies renewing policies automatically with inflated premiums
The FCA should be empowered and encouraged to stop insurance companies from renewing policies with inflated premiums (while offering cheaper premiums on comparison websites). This practice is designed to exploit loyal customers - typically the old and vulnerable.
My motor insurance company were going to renew my policy automatically with a premium £150 higher than it offered me for the same policy on a comparison website. They also made it difficult for me to cancel the renewal.
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18.216.42.225 Thu, 21 Nov 2024 23:08:30 +0000
