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Insurance Companies Found To Penalise Customers For Their Loyalty.

Stock image: Pixabay

Loyal home insurance customers pay 32% extra.

A Central Bank study has found companies penalise insurance customers for their loyalty.

On average, long-term car insurance customers are charged 14 per cent more versus those renewing for the first time.

While loyal home insurance customers pay 32 per cent extra.

The regulator says it will now ban this type of dual pricing.

Its head of financial conduct is Derville Rowland

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