GoCompare reports 107% increase in quotes for motorhomes and campervans
Fraud warning issued amid scramble for ‘staycation bubble’ vehicles
- Warning of fraudsters advertising fake listings of motorhome and campervans.
- GoCompare shares tips on getting a good deal on motorhome and campervan insurance.
Comparison site GoCompare has reported a dramatic rise in the number of insurance quotes for motorhomes and campervans as frustrated holidaymakers scramble to get away safely and independently.
After months in lockdown at home people are eager for a change of scenery. But, with restrictions on travel and social distancing in place for the foreseeable future, many Brits are opting for staycations. This summer, the UK has seen a boom in motorhome and campervans sales, with many holidaymakers deciding to invest in their own ‘holiday bubble’ on wheels. 1
As a result of the increased sales, GoCompare saw year on year motorhome and campervan insurance quote activity increase 107% in August.
But the high demand for vehicles, coupled with their high value has attracted fraudsters. UK Finance has warned that fraudsters are using fake listings copied from legitimate adverts to attract buyers. The scammers cite COVID restrictions as the reason the vehicle can’t be viewed in person. They offer to deliver the vehicle once the buyer has placed money into a holding account on the assurance that the cash will not be released until the buyer has seen the vehicle and agreed to finalise the purchase. The fraudster then immediately banks the money, leaving their victim with nothing.
Lee Griffin, CEO and one of the founders of GoCompare, commented, “Travel and tourism has been hit hard by the coronavirus pandemic. Continued uncertainty and safety concerns surrounding foreign travel has increased interest in staycations. Holidaying in a motorhome or campervan allows people the freedom to travel in their personal ‘holiday bubble’. They travel in their own vehicle and stay in their own self-catering accommodation.
“The increased demand for motorhomes and campers hasn’t gone unnoticed by criminals. Vehicles, even second-hand, can cost up to £60,000, which makes them an attractive proposition for fraudsters. Following reports from victims, anti-fraud organisations are warning people to be on their guard. If an advertised deal looks too good to be true – it probably is.
“Alarm bells should also sound if the seller asks you to make a bank transfer for a vehicle you haven’t viewed. If it’s not possible to see the vehicle in person, ask to view it through a video call. And only use secure payment methods recommended by reputable online sites.
Lee Griffin continued, “Once you’ve found your ideal motorhome or campervan, it’s essential that you arrange appropriate insurance. Modern vehicles are made to high specifications so are expensive to buy and to repair. Vehicles come in many shapes and sizes – from standard models to van conversions and self-builds. So, it’s important to get the right policy for your vehicle and, where and how you plan to use it. As well as the vehicle itself, you also need to consider insurance for fitted accessories such as awnings and cycle racks and, personal possessions you take away with you.
“While motorhomes and campervans require specialist insurance cover, you can still shop around to make sure you are getting a good deal. Policies differ in cover levels offered, so make sure you compare policy features as well as prices.”
GoCompare’s tips for getting a good deal on motorhome and campervan insurance:
- Park somewhere safe - use your garage or driveway if you have one or consider using a secure caravan and motorhome storage facility. On-road parking comes with extra risks that can make insurance more expensive.
- Only buy the cover you need. Consider your annual mileage and whether you intend to drive overseas. Check cover available on other insurances you hold such as breakdown cover and, home contents for personal possessions away from home and cover for pedal cycles.
- Pay annually - if you can, paying your insurance in one go as it will usually be cheaper.
- Security – check the security devices already fitted such as an alarm or immobiliser, as it could help reduce costs when getting insurance. Consider additional security such as wheel clamps.
- Shop around and compare insurance prices and policy features before you buy your vehicle.
- Never accept an insurance renewal quote without first checking if you could get a better deal.
For more information on motorhome and campervan insurance visit: https://www.gocompare.com/motorhome-insurance/
For further information please contact:
Jessica Beeken at GoCompare on Jessica.Beeken@Gocompare.com
Gordon, Jason or Liz at MAW Communications on 01603 505 845
Keep up-to-date with GoCompare on Twitter; @GoCompare
Notes to editors
1Autotrader reported a 51% increase in views of motorhomes advertisements for the last two weeks of June 2020. (2/7/2)
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.
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.gocogroup.com