News

New research reveals that soaring household energy prices are having a knock-on effect on plans to decorate UK homes this Christmas:

• 23% of those questioned will use fewer lights to save on energy
• 12% will have no lights at all this Christmas
• 6% will be investing in more sustainable lights this Christmas

• 45% of motorists also admit to not knowing what to do if they broke down on a smart motorway

• 7% of people have dropped the number of cars in their household
• GoCompare quote data also reveals that the proportion of drivers with a higher annual mileage has decreased by 20%.

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