The Competition and Markets Authority (CMA) has today announced proposals to increase competition and reduce the cost of premiums in the car insurance market. Commenting on this, Rod Jones, car insurance expert at Uswitch.com, says: “These proposals will go a long way towards stamping out the unfair practices occurring in the car insurance industry that have not been in consumers’ best interests.
“Price parity clauses are unfair as they restrict choice and can prevent consumers from getting the best deal possible. We fully support the CMA’s recommendation for these to be banned, but we are disappointed the CMA couldn’t find a remedy on the cost of post-accident services, as this could have further reduced premiums for motorists.”
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Charlotte Nunes
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Email: charlotte.nunes@uswitch.com
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