News

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Health insurance - woman jogging

People buying health insurance in the UK are getting younger, says GoCompare

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

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The cost of getting on the road has dropped by a fifth for young drivers

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

Row of houses

Two thirds of adults admit to letting their home insurance renew automatically

  • 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
Traffic

Almost a fifth of UK drivers admit to letting their car insurance policy renew automatically

  • 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
Energy Prices

Shell Energy joins other utility providers in increasing prices

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

Row of houses

GoCompare and Pikl help to bridge home insurance gap with cover for AirBnB hosts and short-term lets

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

Gas

British Gas announce price increases

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

Traffic

14% of UK adults do not understand how insurance policy excesses work

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

DIY

Half of UK homeowners will be having a Bank HoliDIY this weekend

  • Garden improvements top the list of this weekend’s DIY tasks
  • 60% of those surveyed are planning to do the work themselves
  • Standard home insurance, without accidental damage cover, is unlikely to cover against a DIY disaster
Gas

SSE increases prices by 12%

  • SSE becomes the second energy provider to announce a 12% increase in prices across all regions
Gas

EDF first to increase prices since latest Ofgem price cap announced

  • EDF announces a 12% increase in prices across all regions
  • First provider to increase tariffs since the energy price cap increased this month