GoCompare says just 14% of drivers are considering an EV as their next car and of those who would consider buying an EV as their next vehicle, 60% are male and 40% are female. When asked the reasons why people are put off buying an electric vehicle, price topped the list – with more than half saying that electric vehicles are too expensive and 50% said they wouldn’t choose an electric vehicle … [Read more...]
Tradelines 7 April
While the pandemic has taken a toll on many people’s finances, others are emerging with a nest egg after months of lockdown living and this could ensure the car industry, along with the wider economy, bounces back quicker than originally anticipated, said James Fairclough, CEO of AA Cars. He was speaking after the SMMT released March car sales figures showing a dramatic rise compared to the last … [Read more...]
Depreciation despair for drivers
With new 21-numberplate cars now on sale, GoCompare Car Insurance is urging drivers looking for a new car to think about depreciation and the possible impact on their insurance. Depreciation is one of the biggest costs of running a car. The price of a new car falls dramatically as soon as it is driven off the forecourt. Depending on the make and model, this can be between 15% to 35% in the … [Read more...]
Beware of EV premiums’ quotes
‘Green’ cars outsold diesels for the first time in 2020 with 285,199 models registered compared to 261,772 diesel engine cars. Although new car sales in 2020 were around 29% lower than in 2019, electric vehicles have grown in popularity with a degree of electric propulsion (BEV, PHEV and HEV). Market share for all-electric BEV cars grew from 1.6% in 2019 to 6.6% in 2020, an … [Read more...]
Lockdown laziness leads to larger payments
Lazy drivers are paying through their noses for car insurance during lockdown. GoCompare Car Insurance has reminded drivers of the need to shop around for the best insurance deals as new research reveals a sharp increase in number of policies being automatically renewed in the last 12 months. The website, found that 7.6m motorists paid a ‘loyalty tax’ to their insurer for allowing their policy … [Read more...]
Lockdown plans need checking
Drivers should ensure they are covered for the lockdown. Lee Griffin, CEO and one of the founders of GoCompare, said, "The pandemic is continuing to have a major impact on our day-to-day lives, including our driving habits. “To stay safe and avoid penalties, it’s important that drivers keep abreast of lockdown rules regarding car use and driving according to the rules of the road. “Temporary … [Read more...]
Insurance warning over lapsed MoTs
The coronavirus lockdown earlier this year resulted in millions of cars receiving a six-month extension to their MOT certificate but that leeway has ended. With the current MOT failure rate at 32%, millions of vehicles that don’t meet levels of roadworthiness could be on the streets. GoCompare Car Insurance is warning that this year, more than ever, it’s essential that drivers ensure that their … [Read more...]
Thieves out to burst your holiday bubble
Wales-based comparison site GoCompare warns that fraudsters are targeting the boom in motorhomes and caravans. There’s been a dramatic rise in the number of insurance quotes for motorhomes and campervans as frustrated holidaymakers scramble to get away safely and independently. After months in lockdown at home people are eager for a change of scenery, but, with restrictions on travel and social … [Read more...]
Auto-renew at your own peril
With the September peak of car insurance renewals, GoCompare is warning about letting a policy auto-renew without checking for a better deal. One in five motorists allowed their insurer to auto-renew their policy without seeing if they could get the same cover for less money compared with 15% in February 2020. Number of drivers auto-renewing is worth £6.7 Million, its highest level since … [Read more...]
Tradelines 29 July
Sixty apartments costing up to £1.65M will be built overlooking the Silverstone GP racing track and come complete with a clubhouse and leisure facilities. The leasehold apartments with balconies will be fully managed and can be rented out when not in use by their owner who will benefit from access to all major meetings from May 2022. The UK’s Financial Conduct Authority will ban … [Read more...]