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Some car insurance companies are charging “eye-watering” fees on top of annual premiums, according to the consumer organisation, Which? in a recent study
It found that some insurance companies charged up to £75 for cancelling a policy – even in the cooling-off period. Others charge £50 to renew a policy or £30 for duplicate documents.
In response, the industry argued that overall premiums had fallen and that the market was highly competitive.