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"path": "/lifestyle/cars/car-insurance-error-missing-savings",
"publishedAt": "2026-03-19T11:58:22.000Z",
"site": "https://www.gbnews.com",
"tags": [
"Major driving licence changes demanded for millions as 'inexperienced' motorists cause fatalities",
"Labour told to slash EV tax if petrol and diesel drivers benefit from fuel duty cut as oil prices spike",
"Rolls-Royce slashes electric car targets in favour of petrol vehicles in blow to Labour",
"The GB News Editorial Charter"
],
"textContent": "\n\n\nMotorists across the UK could lose hundreds of millions of pounds every year for a simple car insurance mistake, new research has revealed.\n\nFresh data has shown that more than two-fifths of drivers forget to renew their car insurance policies until it is too late to make a switch.\n\n###\n\n\n\n\nIn total, eight per cent of billpayers forgot to renew their cover before it was too late to compare, across all types of insurance.\n\nOf those, more than two in five (43 per cent) said they forgot to renew their car insurance, allowing it to auto-renew without looking for savings.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nResearch suggests that this could be costing Britons around £677million every year because they are not searching around to find the best deal, potentially missing out on hundreds of pounds in savings.\n\nThe latest information from Go.Compare's personal finance app Renewal found that drivers who compare their car insurance quotes could save up to £362 on their policy.\n\nAround 1.8 million drivers could be missing out on savings, prompting an urgent warning from experts about shopping around, rather than letting their policy auto-renew.\n\nMatthew Sanders, money spokesperson at Go.Compare, acknowledged that auto-renewal can be convenient, especially if drivers have to deal with many different bills.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHowever, he noted that drivers could be missing out on \"the best price\" for insurance, since there are usually better deals available.\n\nMr Sanders continued, saying: \"Comparing policies when your cover is nearing its end is a great opportunity to cut costs, yet many forget to keep track of when their policy is due to renew, and lose out on this chance as a result.\n\n“For this reason, it's essential that you make a note of when your policies are due to be renewed so that you have a chance to shop around first.\"\n\nThe data also showed that there was a clear divide among people who allowed their car insurance deal to renew without shopping around.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n * Major driving licence changes demanded for millions as 'inexperienced' motorists cause fatalities\n * Labour told to slash EV tax if petrol and diesel drivers benefit from fuel duty cut as oil prices spike\n * Rolls-Royce slashes electric car targets in favour of petrol vehicles in blow to Labour\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nAround 14 per cent of those under the age of 34 admitted they failed to stay on top of insurance renewals, compared to just two per cent of drivers over 55.\n\nOther motorists are also struggling to stay on top of vehicle cover, although not as much as car insurance.\n\nOf those who forgot to renew their insurance, 20 per cent admitted to forgetting to save on breakdown cover, while a further 11 per cent allowed motorbike and van insurance to auto-renew.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n### Most forgotten about insurance renewals\n\nCar insurance - 43 per cent\n\nHome insurance (combined buildings and contents) - 31 per cent\n\nPet insurance - 28 per cent\n\nHome buildings insurance - 26 per cent\n\nHome contents insurance - 23 per cent\n\nBreakdown cover - 20 per cent\n\nGadget insurance - 17 per cent\n\nTravel (annual multi-trip) - 16 per cent\n\nMotorbike insurance - 11 per cent\n\nVan insurance - 11 per cent\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
"title": "Car insurance error could cost millions of drivers £362 a year by missing 'best price'"
}