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GoCompare to provide financial assistance to customers who claim on car insurance

62% of drivers admit they would have to raid savings or turn to credit to pay their excess, in the event of a claim


GoCompare comments on changes to the Ogden Discount Rate

The Government has announced a change to the ‘Discount Rate’ – also know as the Ogden rate – applied to personal injury lump-sum compensation payments, to minus 0.25% from minus 0.75%.  The increase is likely to result in lower car insurance costs for motorists.   


Brexit uncertainty stalls nearly a million house moves*

  • 1.5 million people have delayed plans to move home in the last three years;
  • 60% of would-be home movers have put their plans on hold due to Brexit.
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GoCompare becomes first comparison website to join the Insurance Fraud Bureau

GoCompare, one of the UK’s most established comparison websites, has joined the Insurance Fraud Bureau (IFB) as an official member.


GoCompare comments on ABI Motor Insurance Premium Tracker

“Most drivers are still paying historically very high prices for their car insurance”


Half of motorists think insurance loyalty pricing should be made illegal

  • 50% of motorists think it should be illegal for insurers to charge existing customers more than new customers for the same cover;
  • Most (61%) drivers say new customers get a better deal on their insurance than those renewing their cover;
  • Motorists could save up to £247.29** by shopping-around for car insurance using GoCompare Car Insurance

Car Worries Top 20: Potholes and insurance top the list

  • From insurance to fuel, maintenance to parking – the cost of motoring is a major worry for motorists;
  • Potholes, dangerous driving by other motorists, and the risk of having an accident are among the top 10 worries;
  • 21% of those surveyed were concerned about poor driving by elderly drivers;
  • Only 16% of drivers were concerned about car emissions/pollution.

Cost of getting a young driver on the road rises to £6,959

Cost of insurance falls for 17-year olds, but overall total rises as more spent on first car


New drivers spend over £5,000* on their first car

New drivers spend an average of £4,276 buying their first car but those from the North West and London splash out more than £5,000 on their first set of wheels.

Smart Meter

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.