News

• GoCompare Car Insurance outlines factors contributing to depreciation and steps drivers can take to protect themselves.
• Six key factors that influence depreciation rate including, make, colour and fuel type.   
• Guaranteed Asset Protection (GAP) insurance can bridge the difference between a total-loss insurance pay-out and car’s purchase price.

Mobile phone, slippers, kettle – top three items repaired, replaced or upgraded in last 12 months

• 9million¹ UK adults had their mobile phone repaired or upgraded in the last year.
• 21% of adults replaced their slippers – the equivalent of 10.8 million¹
• 7m toasters needed repairing or replacing during the pandemic.
• GoCompare Home Insurance is urging households to check their home contents to make sure their new acquisitions are covered.

• Average of more than 9% increase across the board from four of the biggest providers, British Gas, EDF, Npower, E.ON and SSE*
• These five combined provide energy to nearly two thirds** of UK households
• Some regions will see around an 11.6% increase on their bills

Research finds electric cars DON’T have to cost more to insure than conventional cousins

• Latest figures* from the Society of Motor Manufacturers and Traders show ‘green’ cars outselling diesels for the first time in 2020
• GoCompare research finds that insurer appetite and pricing for electric models varies widely
• Shopping around means electric versions of cars are not always more expensive to insure
• Battery Electric Vehicle (BEV) market share increased by over 400% year on year from 1.6% in 2019 to 6.6% of overall UK car market in 2020
• Around 17% of cars sold in 2020 had some level of electric running capability.

Almost 3 million more motorists auto-renewed policy compared to Feb 2020

• Drivers auto-renewing could collectively be paying £2.1bn more than they need to.  
• Warning comes ahead of one of the busiest months for car insurance renewals.
• New research reveals 24% of motorists allowed their insurer to auto-renew their policy in last 12 months – up from 15%.
• Drivers who allow their insurance to auto-renew without checking prices could each be out of pocket by up to £277.

• Buyers of 21-numberplated cars face a non-traditional sales process.
• Online research essential for buyers with showrooms shuttered and test drives banned.  
• Check insurance group for clues on safety, security and repair costs.
• Shop-around to check insurance costs and see if you can get a better deal.

According to GoCompare data, the average price of a pup is now £1,900* but less than half of pet insurers offer more than £1,000 should your dog go missing.

As cost of policyholders’ contributions to claims increase by up to 47% - drivers are urged
to consider the total costs of car insurance

• The average compulsory excess for theft claims has risen by 47% in the last 12 months¹
• Compulsory excesses for accidental damage and fire claims have increase by 26%, on average
• GoCompare Car Insurance’s free excess protection will pay-out up to £250 for qualifying car insurance claims².   

• 43% of Brits didn’t switch any of the 10 most popular financial products in the last year.
• 88% of Brits are looking to make savings on essential outgoings and bills in 2021.
• GoCompare warns blind loyalty to financial product providers and utility companies collectively costs Brits £billions in overpriced premiums.

• Reminder to check home insurance policy for valuable emergency cover
• 26% of buildings insurance policies automatically include home emergency cover
• 49% offer cover as an additional extra

40% of Brits facing a financially ‘very difficult’ year

GoCompare Car Insurance summarises key information and help for motorists