News

Loyalty penalty:  Majority of drivers are not seeing messages introduced over two years ago about the importance of shopping around

“These proposals won’t remove the loyalty penalty.”

• Central heating, double glazing, and secure doors and windows top UK home-buyers’ lists of ‘must-have’ home features;
• Death of the landline! Phone connection replaced by satellite TV in the top 20;
• Biggest movers in last 5 years: good broadband and mobile phone connections and a room big enough for a large, flat-screen TV;
• Period features and highly rated schools fail to make the grade.

Ahead of the October half-term holidays, GoCompare Travel Insurance shares 7 tips to help families avoid getting stung by their travel insurance.

79% of UK householders worry about being burgled but 83% also think they should be doing more to improve their home security

• 3 million potential house-sellers would sign-up with an online agent to cut the cost of moving or sell privately;
• Nearly half (49%) would also cut costs by undertaking a DIY house removal;
• GoCompare Home Insurance warns that the DIY approach could invalidate your contents insurance.  

• 13% of motorists allow their insurers to automatically renew their policy without shopping around to check whether they’re getting a good deal;
• Renewing without checking prices costs drivers a collective £500m a year;
• 20% of drivers have been with the same insurer for 3 years or more;
• Motorists who pay for insurance in monthly installments are 55% more likely to allow their cover to renew automatically than those who pay annually.

• Only 43% of homeowners would employ a professional tradesperson to carry out home maintenance work;
• 29% of DIY-ers would attempt plumbing jobs, 24% would undertake electrical work while 13% would try to fix the boiler or central heating;
• Standard home insurance, with-out accidental damage cover, is unlikely to cover your property or possessions against a DIY disaster.

• Analysis² reveals that since 2012, increases in compulsory excesses for fire, theft and accidental damage claims have outstripped inflation³;
• Depending on the policy, drivers face excesses of up to £3,000 for excesses for accidental damage, theft and fire-related claims;
• 62% of drivers admitted they would have to raid savings or turn to credit to pay their excess, in the event of a claim;
• GoCompare Car Insurance’s new free excess protection will pay-out up to £250 for qualifying⁴ car insurance claims.

Analysis¹ of car insurance policies reveals that since 2012 admin fees have become more commonplace, with charges increasing by twice the rate of inflation²

• 85% of homeowners have updated their property in the last 5 years;
• Interior redecoration, new bathrooms and flooring top the home improvement list;
• Home fashion trends account for 8% of improvement works;
• GoCompare Home Insurance warns that major improvement works might invalidate home insurance cover.