Some of the latest payouts have been put down to correcting administrative errors which may have seen road users pay more interest over the course of their policy.
Firms are in the process of proactively contacting customers who may have experienced repayment difficulties.
Motorist Andrew wrote to Martin explaining “I thought I would let you know that I put a claim into Motonovo the day your email template went live. I have just received £3,345 back In compensation.”
Writing on the MSE forum, Mr_X added: “ I’ve received a letter with a cheque for £269.91 from them. I can’t work out if this is for my ‘discretionary commission’ enquiry or for something totally unrelated?”
Speaking on the latest payments to drivers, Money Saving Expert said motorists could see firms trying to “proactively rectify” issues in the coming months,
MSE added: “Regulator the Financial Conduct Authority (FCA) wouldn’t comment on individual cases, but did say it expects firms to take steps to proactively rectify problems they have identified, which may include making offers of redress to affected consumers.
“It does, however, expect firms to explain why they are offering compensation and the implications of accepting it. If you’re unsure, you should check with your provider directly.”
