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Energy becomes the ‘easiest product to switch’ for first time
- An “extraordinary turnaround” as energy rises from 7th place 4 years ago;
- Improvement follows reduction in switching times from 6 weeks to under 21 days;
- Consumers respond by switching energy provider in record numbers;
- Mortgages, current accounts and broadband are the hardest products to switch.
4.6m drivers caught in £592m insurance loyalty trap
- 15% 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 £592m a year;
- 27% of drivers have been with the same insurer for 3 years or more;
- Motorist who pay for insurance in monthly instalments are 54% more likely to allow their cover to automatically renew than those who pay annually.
Alternative fuel cars overtake diesel according to potential car buyers
- 27% of drivers would opt for an alternative fuel car compared with 18% for diesel;
- Petrol is the most popular fuel type for new car buyers;
- GoCompare Car Insurance considers the insurance implications of owning an alternative fuel vehicle.
58% of young drivers admit to using mobile phones behind the wheel
New research reveals a third of all motorists are breaking the law with smartphone use
1 in 10 young driver car insurance policies are ‘fronted’
GoCompare research finds 10% of parents of 17-25-year-old drivers have insured their child’s car in their name, breaking the law and risking financial ruin
Hitting the slopes? GoCompare warns skiers and snowboarders not to rely on an EHIC.
With hundreds of thousands of skiers and snowboarders heading to European slopes this winter, GoCompare is urging holidaymakers not to rely on a European Health Insurance Card (EHIC) to give them adequate medical cover.
58% of young drivers using mobile phones behind the wheel
New research reveals that a third of all motorists are breaking the law with smartphone use
GoCompare comments on FCA’s proposals to improve transparency by forcing insurers to publish data on product value
The Financial Conduct Authority (FCA) has launched a consultation aimed at improving transparency and providing General Insurance customers with more data on product value.
Time for a change: Do you make up the 32% of non-switchers?
‘The benefits of switching are lost as households slip back onto expensive default tariffs’
Brexit uncertainty is making people switchy
GoCompare’s annual Switching Report1 reveals a big increase in customers switching with 64% changing providers for at least one of the 10 most common financial products
Drivers should be on red alert when it comes to invalidating their car insurance in the snow
GoCompare warns drivers they could be invalidating car insurance over the coming days
The 7 energy “MYTH-UNDERSTANDINGS” stopping households getting a good deal
weflip debunks common energy myths preventing some households from switching provider