News

Quote data reveals an increase in the proportion of policyholders with an accidental damage claim

• A similar amount admit to only ‘sometimes’ checking their home or car policy details
• Of those who don’t check their documents, 17% say they don’t care about the details, just about the price
• A further 24% say the documents are too long

• What householders can do if things go bump in the night (or the daytime come to that).

• GoCompare insurance has some tips to ensure your insurance claim isn’t a horror story

The average age of a policy holder is down by 20% in the past year

The overall cost of getting on the road has dropped from £6,846 in 2019 to £5,703 in 2021

• More than a quarter do so without finding other quotes
• The main reason people let their policy roll is loyalty to their current provider
• 22% claim their insurer has always looked after them and 18% assume value for money based on last year’s quote

• One in 10 of those who renew worry they’ll lose their no claims bonus if they switch
• 15% say finding a quote is too much hassle, even to save money in the long run
• A third of those who do shop around found their renewal price had gone up

…and two-year fixed tariffs jump above Ofgem price cap

Comparison site now asks home insurance customers about “hosting” to ensure homeowners have the right cover in place

Third large provider to announce a 12.23% increase in energy prices

A fifth say they don’t understand the difference between voluntary and compulsory excess