Overcharging long-standing insurance customers could be banned in bid to end unfair ‘loyalty tax’

A WATCHDOG has demanded an end to the “loyalty tax” on customers being fleeced for staying with their insurers. New customers typically pay £285 for motor insurance while customers who have been with their provider for more than five years pay a whopping £370, according to analysis. This practice, known as “price walking”, would be […]
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