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).

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, 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 when you renew.

We've gone into a little more detail in the frequently asked questions 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 on a like for like policy.

     

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

 

Frequently Asked Questions