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Insurers Blasted for High Prices

A new report by Which? has shown that car insurers are taking huge advantages of customers by charging through the roof for small changes to their policies – often being dubbed as ‘admin-charges’.

A new report by Which? has shown that car insurers are taking huge advantages of customers by charging through the roof for small changes to their policies – often being dubbed as ‘admin-charges’. According to the report, Hastings was charging £35 to change a surname on the policy – that’s £35 for a name change!
 
"These charges should reflect the real cost to the company and not a way of making easy money from consumers who are already struggling with high and rising insurance premiums," said Which? chief executive Peter Vicary-Smith. "We want insurance companies to be clearer about the fees that they charge and stop hiding the details away in pages of terms and conditions," he added.
 
And we can only echo Smith’s sentiments. Car finance customers are already paying through the nose for their cars, so stupid charges that are clearly there to make money are not what we appreciate.  

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