“Any move that helps customers save money on their soaring energy bills is to be welcomed, but the introduction of a cap is not without concerns”

GoCompare comments on the ABI’s ‘Britain Uncovered’ study which revealed that over a quarter of households - 7.5 million - have no contents insurance, leaving possessions worth over £266 billion unprotected and at risk.

A comparison of 302 comprehensive car insurance policies, has revealed:

• 80% of comprehensive car policies exclude misfuelling cover altogether.
• Only 12% of comprehensive car policies include misfuelling cover as standard.
• 8% of policies offer misfuelling protection as an optional extra.

65% of drivers let their insurer renew their policy automatically, 15% without shopping around to check they are getting a good deal*

• Only 38% of motorists take the time to check the previous year’s premium to see how it has changed;
• Renewing without shopping around costs motorists £1.3bn** a year;
• 3.2 years - average length of time drivers have stuck with the same provider;
• Motorists urged to act as soon as they receive their renewal to get the best deals.

65% of drivers let their insurer renew their policy automatically, 15% without even checking they are getting a good deal*

• Only 38% of motorists take the time to check the previous year’s premium to see how it has changed;
• Renewing without checking premiums costs motorists £1.3bn** a year;
• 2 years - average length of time drivers have stuck with the same provider;
• Motorists urged to act as soon as they receive their renewal to get the best deals.

Personal registration plates could cost you dear if your vehicle is stolen or scrapped

• ‘TAX 1’ is expected to cost £100,000 when it is auctioned;
• Only 6% of car insurance policies specifically cover cost of personalised number plates;
• Owners of cars with personalised plates need to act quickly to avoid losing their cherished registration if their car is stolen or written-off.

Applications for GoCompare’s fintech community development initiative are now open

• Bank or building society accounts top list despite poor returns;
• More people will save in a coin jar than an equity ISA or a personal pension;
• 25% of people can’t afford to save or invest anything in 2018;
• Bitcoin bubble set to grow as 7% of men say they would invest in a virtual currency.