Go.Compare Car Insurance says the best day to renew is 27 days before it expires. The data shows that policyholders could pay up to 50% more if they renew their policy on the day it’s due for renewal, compared to 27 days before. The findings are based on the average premium paid by policyholders in 2022, and also found that the most expensive time to buy your new policy is the day the renewal is … [Read more...]
Beware of new insurance ‘admin fees’
Go.Compare car insurance says the number of policies that now charge admin fees has risen since this time last year. The comparison site has reviewed the 332 comprehensive car insurance products in the market in 2023 and compared the admin fees charged today, compared with the same fees charged in the same period in 2022. It found that the number of car insurance products that now charge … [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...]