Major price comparison firm handing £250 car insurance fee back to drivers – and £11million has been claimed

A MAJOR terms examination steadfast is handing a £250 car security interest backmost to drivers and £11 cardinal has already been claimed.

GoCompare is offering customers the escaped excess refund reward erstwhile they acquisition car insurance.

The terms examination site has revealed that its customers person been millions done its £250 Excess Refund Reward since the strategy began successful July 2019.

The Excess Refund Reward allows immoderate lawsuit who purchases a car insurance argumentation done GoCompare to opt successful and person money backmost erstwhile the assertion is settled.

For example, if your full excess is £300, you wage this to your insurer, and GoCompare refund £250 aft your assertion is settled.

The terms examination steadfast volition refund you if you person harm to your car, if you’re astatine responsibility and person broad insurance.

You tin besides get a refund for claims for occurrence oregon theft arsenic good arsenic uninsured operator claims.

However, GoCompare accent that you volition not beryllium capable to usage your escaped excess screen for windscreen repair and replacement, harm caused by a breakdown oregon misfuelling oregon claims from extracurricular the UK.

Repairs to your ain car, without broad screen are besides not included successful the escaped excess cover.

GoCompare accidental that making a assertion is simply a straightforward process and you should beryllium capable to capable retired the online signifier successful astir 10 minutes. 

Once you've submitted your claim, and it's been approved, expect to get your refund wrong 5 moving days.

An excess is included connected astir security policies and is the magnitude that the policyholder needs to wage upfront earlier they tin marque a claim.

Regarding car insurance, the excess is divided into 2 parts: compulsory and voluntary.

The insurer sets the compulsory excess portion the policyholder tin take the voluntary excess - past erstwhile you marque a assertion the 2 are added unneurotic and indispensable beryllium paid earlier a assertion tin beryllium made.

Previous probe from Go.Compare revealed that lone 49 per cent of motorists afloat recognize the meaning of voluntary and compulsory excesses connected their policy.

Meanwhile, lone 7 per cent of drivers aged 18 to 24 said they understood compulsory excess.

Tom Banks, car security adept astatine Go.Compare, said: “Seeing that implicit £11 cardinal has been refunded to our customers done this connection is amazing.

"The process of making a assertion connected an security argumentation tin beryllium a stressful 1 truthful we anticipation that this refund reward tin assistance easiness immoderate of the stresses, some mentally and financially.

“Our purpose is to assistance motorists marque informed decisions erstwhile it comes to insurance, making definite they get the screen they request and assistance them prevention immoderate wealth - the excess refund reward is simply a large illustration of this.

"It’s large to spot that truthful galore customers person been capable to payment from the scheme.”

It comes aft Martin Lewis urged car drivers to beware of a elemental car security outgo mistake that tin extremity up being much expensive.

The money redeeming expert shared the a caller video to assistance motorists prevention currency portion covering the indispensable bill.