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Premium finance vital to one in four customers

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More than one in four insurance customers would cut cover or switch to cheaper policies if they couldn't utilise premium finance, research from Premium Credit has revealed.

Premium Credit’s Insurance Index surveyed customers to gauge how they would react if they were unable to utilise it.

Two fifths of customers surveyed said they would be affected if they were unable to

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Why FCA inaction on premium finance is unacceptable

Despite falling motor insurance premiums and political inertia, Rebecca Deegan, director of campaigners Fair By Design, argues inaction on premium finance isn't acceptable and the regulator must act now to end the poverty premium and ensure fair outcomes for low-income drivers.

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