Saving by Insurance

Car Insurance – Holders Too Passive

A leading price comparison site has found that there are numerous people who are failing to check and compare quotes provided by different companies. This failure to compare quotes is meaning that a total sum of £1 billion of people's money is being wasted. Research collected by the company has found that 19 per cent of drivers who are renewing their policy will do so without even looking at any other quotes, even though 81 per cent of those questioned said that they would switch car insurance providers with even a £75 savings on their premium. The comparison site has found that almost all insurers will offer new customers very attractive deals, more so than they offer their existing customers. The site said that they have found that this information is gradually starting to get through to people so hopefully there will be a significant decrease in the amount of money that is currently being wasted. However, it's not all good news as there are still a large number of people who mistakenly believe that just because their insurer gave them a good deal when they joined they will continue to do so. Unfortunately, this isn't the case and many drivers are paying over the odds when they could be getting cheap car insurance elsewhere. The site also confirmed that there is never one car insurance company that continually offers the most competitive rates from year to year and this is why it is a good idea to compare car insurance quotes regularly to make sure that you are getting the best deal you can.

A survey found that 81 percent of people would switch their car insurance policy for even a £75 saving. Many people are paying too much for their insurance when they could be getting cheap car insurance and the best way to do this is by searching the internet to compare car insurance quotes to make sure you're getting the best deal.

About the Author:
Gill Critchley is a UK based author with experience within the financial industry centering on the insurance sector.