Insurance clampdown to save motorists money
A clampdown on the £11 billion private motor insurance market has been announced by the competition watchdog which should cut the cost of drivers' premiums.
Measures announced by the Competition and Markets Authority (CMA) include banning agreements between price comparison websites and insurers which stop insurers from making their products available more cheaply elsewhere online.
Currently, some clauses in contracts between websites and motor insurers block insurers from making their products available at a better price somewhere else.
This restricts competition and leads to higher premiums generally, the CMA said.
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