28 June 2018, 15:31

GoCompare comments on news that car insurance premiums are falling

The latest report from Consumer Intelligence suggests that car insurance premiums have dropped by 5.5% in the past 12 months.  Matt Oliver of GoCompare Car Insurance comments:

“Drivers have been on red alert over car premium increases for months and the big danger now is that they assume their next renewal letter will automatically make pleasant reading.  It won’t.  Premiums remain at historically high levels, as Consumer Intelligence point out, with average car insurance bills still 22% higher than they were less than five years ago. 

“Insurers don’t just uniformly handout 5.5% cheaper premiums to all existing customers.  In fact, it is existing customers who regularly get the highest prices – particularly if they’ve renewed a few years in a row.  But you can quickly and easily go and and claim your saving by shopping around, finding the best new prices for the cover you need for the next 12 months, and making the switch. 

“Whether premiums are going up or down, the only way to make sure you’re securing the best deal you can for the right car insurance policy, is to compare quotes from lots of different insurers.  On average, people could save up to £280* by shopping around with GoCompare Car Insurance.”

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For further information please contact:

Anders Nilsson/Martyn John/Louisa Marsden at GoCompare on 01633 654 054 / 01633 654 725 / 01633 655132

Gordon, Jason or Liz at MAW Communications on 01603 505 845

Keep up-to-date with GoCompare on Twitter: @GoCompare

Notes for editors:

*According to independent research from Consumer Intelligence in September 2017, 51% of customers could save up to £279.43 with GoCompare Car Insurance.

About GoCompare

GoCompare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.

GoCompare does not charge people to use its services, and it does not accept advertising or sponsored listings, so all product comparisons are unbiased. GoCompare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.

GoCompare does not sell its customers’ data.

When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. GoCompare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest, and has teamed up with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.

GoCompare is the only comparison website to be invited to join the British Insurance Brokers’ Association (BIBA) and is authorised and regulated by the Financial Conduct Authority (FCA).

For more information visit www.gocompare.com and www.gocomparegroup.com



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