News

Research by GoCompare finds that 80% of UK consumers now receive at least one financial service and utility bill or statement electronically

• 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.

• 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.

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

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

“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”

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.

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.

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.