FCA pricing regulations

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

From 1 January 2022, we'll be adhering to a new pricing regulation set out by the Financial Conduct Authority (FCA).

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From 1 January 2022, all insurers will need to adhere to a new pricing regulation set out by the Financial Conduct Authority (FCA).

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

If you're an existing LV= Car or Home customer, you can rest assured that you'll always pay the same or less than a new customer with us when you renew. Your renewal quote will be compared to new customer price on the same day your renewal was generated and be 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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