News

• A third of Brits have experienced a drop in their income due to the COVID crisis.
• 3.6 million people are worried about not being able to pay their bills.¹
• Most households (71%) are taking action to reduce their outgoings.
• On average, money saving tactics saving people £95 a month.

New research reveals 40% increase in drivers auto-renewing their insurance

GoCompare Car Insurance warns drivers to check their car insurance, rescue cover and local driving laws before heading abroad

Insurance comparison site GoCompare has welcomed a proposal from the Financial Conduct Authority (FCA) to extend the temporary measures introduced on 18 May 2020 to help customers struggling to pay their insurance premiums, as a result of the Coronavirus pandemic.

• 376% increase in online searches for e-scooters during lockdown as craze takes-off.
• But drivers face a £300 fine and six penalty points on their licence for a using private e-scooter on public roads, cycle lanes or pavements.
• Newly qualified drivers could face losing their licence.
• Legal government trial for rental e-scooters underway to evaluate future regulation.

• Driving lessons and tests can restart this month in England, but a four-month backlog could make booking professional lessons difficult
• An estimated 370,000 new drivers may have been held back by the lockdown
• Stand-in instructors must know the law regarding supervising learner drivers

Research reveals 29% of drivers admit knowing their car needs repairing.

Motorists with an MOT expiry date on or after 1 August do not qualify for the six-month extension and must book a test as usual.

• Known defects include seriously dangerous faults including worn tyres, brake related problems, issues with lights or seatbelts and, windscreen repairs.
• 17% of motorists are driving a car displaying a service or warning light.
• Drivers can be prosecuted for driving a vehicle that is unsafe or not in a roadworthy condition.
• GoCompare Car Insurance reminds drivers that garages are open for car repairs, MOT tests and servicing.

• Google Trends data shows an increase of 1600% for searches for above ground swimming pools since lockdown began
• Warning that outdoor equipment may not be covered by home contents insurance

• Suspected fraudster arrested for selling fake car cover and offering it to NHS workers at a discount.
• Motorists could be driving uninsured after buying ‘cheap’ car insurance via social media scams.
• Unsuspecting victims face serious consequences including disqualification from driving or a criminal record.
• GoCompare Car Insurance shares tips on legitimate ways to cut the cost of cover.

• Shortage of new cars due to Covid lockdown closing factories is expected to lead to a boom in used car sales,
• Insurance is a must for test drives but most (92%) policies don’t cover policyholders to drive cars other than their own,
• A car’s group rating has a significant impact on the cost of insurance – so check before you buy,
• GoCompare Car Insurance shares tips on getting a good deal on car insurance.