As police forces report a dramatic rise in speeding on the UK’s deserted roads, GoCompare Car Insurance warns that in addition to posing a serious risk to other road users and increasing the pressure on emergency services, drivers caught speeding face much higher insurance premiums or a driving ban. Government advice to stay at home to combat the spread of the coronavirus has … [Read more...]
Calls mounting for insurers to repay premiums
British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, according to a group of lawmakers. The lawmakers said car insurers had reported an almost 50% drop in claims during the lockdown and the British government had said driving was down by 75%, with insurers calculated to make one billion pounds … [Read more...]
Call for rip off insurance renewals to be outlawed
Drivers want legal steps to be taken to put the brakes on rip-off car insurance renewal pricing. According to the GoCompare Car Insurance study, 4.7 million drivers3 were caught out by the auto-renewal trap - where their insurer auto-renews their policy for another year if they haven’t checked for a better deal. The practice costs motorists £1.2bn a year in higher … [Read more...]
MoT tests extended six months
The temporary MoT exemption is positive as it will allow vital services to continue and aftersales workshops to prioritise essential repair works on critical vehicles, said Sue Robinson, Director of the National Franchised Dealers Association. On Sunday 22 March, NFDA wrote to the Rt Hon Grant Shapps MP asking for a three-month MoT moratorium. Today, the Government has communicated that vehicle … [Read more...]
Newslines 6 March
The new Morgan Plus Four is the latest lightweight two-seater from the quintessentially British car-maker from Malvern costing almost £63,000. It replaces the 94 year old steel ladder chassis with an aluminium platform shortened from the Plus Six and power comes from a 255hp BMW 4cyl 2.0L petrol engine giving 0-62mph of 4.2sec, a maximum close to 150mph and it’s being targetted at the US market … [Read more...]
Newslines 2 March
Building Labourer is the most expensive occupation for car insurance in Wales, new research reveals. According to the data from Confused.com, Building Labourers are deemed to be the ‘riskiest’ drivers in Wales, paying a staggering £1,649, per year for their car insurance, on average, waiters pay £1,522 and car valet people are washed out with £1,426 while council workers get it for just £320 … [Read more...]
Vape users risk payout refusal after crash
Drivers who vape behind the wheel could be refused an insurance payout if they have a crash at the time. Vaping drivers are a “growing and concerning trend” for road safety, according to the Royal Society for the Prevention of Accidents, while car insurers could include exemptions in policies in the near future. Although using an electronic cigarette whilst driving isn’t illegal itself, having … [Read more...]
Car insurance at a two-year high in Wales
The cost of car insurance in Wales is at a two-year high, according to new data today. Drivers in the region can now expect to pay £712 for their car insurance, on average, following increases over the past year. That’s according to Confused.com’s latest car insurance price index, powered by Willis Towers Watson. Based on more than six million quotes every quarter, it’s the most comprehensive … [Read more...]
Call for clarity on “auto-renewed” policies
The Financial Conduct Authority has provided a further update on the work it is undertaking to tackle the ‘loyalty penalty’ faced by millions of financial services customers and other issues raised by the Citizens Advice super-complaint to the Competition and Markets Authority in 2018. GoCompare has been involved in the consultation and Lee Griffin, the CEO and one of the founders of … [Read more...]
£60 added to average premiums by comparison sites, claim
A new report sheds light on the practices price comparison websites are implementing to persuade vulnerable young drivers to part with their hard-earned cash - when they already pay 149% more than national average on their insurance. Earlier this month the Financial Conduct Authority released an assessment of the insurance industry, which lifted the lid on loyalty penalties, revealing insurers … [Read more...]