GoCompare has today announced that over £1 million has been refunded to customers through its £250 free excess cover offer which has been running since July 2019. Currently, any customer who has purchased car insurance via GoCompare is offered £250 free excess cover, meaning that customers who have made a claim on their car insurance can claim up to £250 pounds back.
Lee Griffin, CEO and founder at GoCompare, explained: “Excesses can be a grey area for motorists, with research showing that they are among the least well-understood elements of car insurance, with many not knowing how much they have to pay when they make a claim. The same research also revealed that excesses could contribute to genuine financial hardship, with 37% of drivers admitting that they don’t have the means to pay their excess or would have to turn to credit cards or loans.
“We are thrilled that we have reached this milestone and that motorists have been able to claim over £1million. Helping people to better protect what’s important, whether it be their cars, families or homes, is at the heart of everything do. Our special offers are geared to make this happen for our customers.”
One such customer, Steve, made a claim due to a non-third party accident: “I did some slight damage to near side wing of my car when I caught the edge of a metal barrier. Estimate for repair was for about £1000 and in the event it only took few weeks to be completed – although the insurance company held the claim open for a few months to make sure there wasn’t any counter claim.
“The excess cover offered by GoCompare was extremely welcome and helped to reduce the stress over the incident; financially as well as emotionally.”
The £250 excess cover offer will be available to GoCompare customers until on a continued basis and is followed by the launch of its newest incentive, ‘MOT for a tenner’, allowing customers to claim their MOT for £10 if due by the 30th June.
For more information on GoCompare’s free £250 excess cover, please visit: https://www.gocompare.com/free-excess-protection-cover/