Car insurance law change

A CAR insurance law change is set to slash the cost of motorists' annual premiums. The EU Vnuk motor insurance law is one step closer to being removed and it could reduce the cost of car insurance by an average of £50.

But insurers have said the rule would add around £50 a year to car insurance prices for all motorists, as it meant the insurance industry would have to cover more claims. Critics have branded the rule "unnecessary, unworkable and unfair".

NEW 2022 car insurance rules are a "huge shift" for the industry and signals the "death knell" for the loyalty penalty on existing customers, according to Go Compare. Ryan Fulthorpe, Go Compare’s car insurance spokesman, said the end of higher fees for current customers was “long-awaited” by many.