Motorist can save around £270 every year on car insurance renewal
The loyalty of car insurance owners does not pay out while renewing the car insurance policy from the existing insurer. The insurance owners are wasting around £270 every year on the car insurance as they stick to their current provider.
Research says that around 6.3 million of the drivers like to renew their car insurance policy from the current insurance policy provider. The insurance owners wish to get cheap policy but unable to shop around so end up in renewing from the existing provider.
Around 11% of the car insurance owners renew their insurance policy from the same provider as they think that they cannot get a good deal as compared to the existing one. Whereas 8% of such insurance owners do not bother to shop around for getting cheap deal so end up renewing the policy from the same insurer. The worse sufferers are the 21% old drivers who are over 55 and not shopping around to save money while renewing their lapsing policy.
When a new car is to be insured, the car insurance providers lure the new clients by offering good discounts for the first year but when you renew your insurance policy next time you will find that the premium prices are increased. The high fuel prices and Vat have already hit the motorists hard. To cut down the motoring cost, you can compare car insurance policy online at car insurance comparison site.
As the car insurance renewal season is on, the insurance owner must take some time out to shop around as by spending some time they can save 270 pounds a year. Even if you have the perception that you cannot get the insurance quotes better than the existing one then also take few minutes off to confirm online quickly that you are having the best insurance policy.
Compare car insurance with compare.com – the fastest growing comparison website.