FCA pricing regulations

Here's what you need to know about the new FCA pricing regulation...

Let's look at what the new pricing regulation set out by the Financial Conduct Authority (FCA) means...

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All insurers must adhere to a new pricing regulation set by the Financial Conduct Authority.

In a nutshell, we need to make sure existing Car or Home customers never pay more than a new customer for a like-for-like policy. So, that’s exactly what we're doing for all renewal quotes generated after 1 January 2022.

If you're an existing LV= Car or Home customer, you can be sure you'll always pay the same or less than one of our new customers when you renew. Your quote will be compared to a new customer price on the same day your renewal was generated, based on the exact same cover you have today.

We've gone into a little more detail in the FAQs and infographic below...

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    As an existing customer, your renewal price will be the same or cheaper than if you were a new customer with us on a like for like policy.

    This will be compared to new customer price on the same day your renewal was generated.

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As an existing customer, your renewal price will be the same or cheaper than if you were a new customer with us on a like for like policy.

This will be compared to new customer price on the same day your renewal was generated.

Frequently Asked Questions

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