Britain’s worst insurers named & shamed for hitting customers with crippling interest rates – do YOU need to switch?

BRITAIN’S insurers have been called out for continuing to charge customers exorbitant interest rates simply for opting to pay monthly.

Consumer champion Which? asked 52 car insurers and 46 home insurers what rates of interest they charged customers to pay for cover monthly.

The Financial Conduct Authority’s Financial Lives Survey reveals that over 20 million people rely on premium finance to pay for their insurance.