Research by GoCompare car insurance revealed there’s still a lack of understanding about motor insurance and excesses. Just over 2000 people took part in the survey which found that just 28% of motorists check their excess levels when taking out a policy: 36% of motorists said they just go for the cheapest price when they’re buying a policy, and when it came to younger drivers – those aged 18-34 … [Read more...]
Short-term car insurance quotes increasing with demand
GoCompare says the number of people quoting for short-term or temporary car insurance has returned to pre-pandemic levels this winter as drivers sort out their Christmas travel plans. The comparison site is expecting a bumper month in December as volumes for this type of insurance traditionally increase by up to 30% during the festive period. Short-term car insurance is temporary cover that … [Read more...]
Newslines 9 November
Drivers missed out on £2.3million of savings by not renewing their photocard driving licence using DVLA’s online service, according to the DVLA. Between April 2020 and March 2021, around 23% of the two million renewal applications it received were sent in either by post or via the post office but renewing a photocard driving licence using GOV.UK costs £14 and the driver will receive their new … [Read more...]
More are driving less and saving money
GoCompare Car Insurance, says less than one in five, some 18%, of drivers have returned to pre-pandemic driving habits, with 21% saying they now walk more rather than using their car, and will continue to use their cars less in the future. A further 7% of people who took part in the survey said that they’ve already dropped the number of cars in their household since the pandemic … [Read more...]
GoCompare say motoring costs are falling for new drivers
The overall cost of getting on the road has dropped from £6,846 in 2019 to £5,703 in 2021. A new report out today from GoCompare Car Insurance has revealed that the cost of getting a young driver on the road has fallen to a three-year low of £5,703, down from £6,071.00 in 2020 and £6,846 in 2019, representing a 20% fall over three years. The combined cost of a new motorist learning to drive, … [Read more...]
EVs cheaper to insure than petrol or diesel cars
GoCompare car insurance data shows Electric Vehicles are now cheaper to insure than petrol or diesel cars. The average cost of insuring an electric car in July 2021 was £484, compared with £489 for a petrol vehicle and £534 for a diesel car. The average cost of insuring electric vehicles has also seen a steady decrease since 2019 – with a £65 drop in average costs from the first six months … [Read more...]
Insurance terms are baffling to drivers
One in seven UK adults admit they have no understanding of how excesses on insurance policies work, says GoCompare car insurance. Of the 2000 people who were interviewed as part of the research, a fifth – 21% - also said they don’t understand or are not sure of the difference between compulsory and voluntary excess when asked by the UK comparison site. A further 41% claimed to only have … [Read more...]
Insurance fraud & finding best premiums for youngsters
Go Compare insurance has found that almost a quarter of parents could be risking a trip to court and a criminal record for ‘fronting’ their child’s car insurance policy. ‘Fronting’ is when an older or more experienced driver - usually a parent - claims that they’re the main user of the car but it’s mostly driven by a young person, or other high-risk motorists, to reduce the cost of car … [Read more...]
Learners knocked back nine-months by pandemic
The Covid-19 pandemic delayed learner drivers’ gaining their licence by an average of nine months, according to GoCompare Car Insurance. Lockdown restrictions meant driving lessons and driving tests were cancelled across the UK, causing chaos for thousands of learner drivers hoping to get legally on the roads. According to a new survey from GoCompare, who interviewed over 1000 … [Read more...]
EVs too expensive for most buyers this decade
Mass adoption of battery electric vehicles is unlikely to happen by 2030, according to insurance comparison site GoCompare. Based on the current rate, EV uptake will increase over the decade, but the battery technology needed for mass adoption will not be available at an affordable price point. Lower-cost electric vehicles are set to reach a real-world range of 300 miles per charge within the … [Read more...]