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Quarter of Brits have no ‘rainy day’ savings

  • 25% of UK adults don’t have any money saved for emergencies;
  • On average, people have £1,300 of ‘rainy day’ savings;
  • Only 14% of people feel financially prepared for another economic downturn.
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Insurance switching soars - driven by record high premiums

  • GoCompare’s Switching Report reveals massive increase in car insurance switching from 22% to 27% in 2017;
  • Home insurance and mortgage switching also on the up;
  • 19% of UK adults have still NEVER switched any of the 10 most common financial products.
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Drivers should still be on red alert when it comes to invalidating their car insurance in the snow

As weather warnings are downgraded, GoCompare warns drivers that they could still invalidate car cover over the coming days

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GoCompare comments as E.on customers face an energy price rise of up to £22 a year

E.on customers have a choice: pay £22 a year more for their energy or £300 less

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GoCompare comments on energy price cap legislation

“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”

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7.5 million homes have no contents insurance – GoCompare comments

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.

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Will misfuelling leave you spluttering?

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.
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“Mind the trap!” – Insurers prepare to roll-over millions of drivers as peak renewal season approaches

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.
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“Mind the trap!” – Insurers prepare to roll-over millions of drivers as peak renewal season approaches

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.