| Each and every year thousands of motorists lose | | | | that they can find much cheaper cover by |
| out on potential savings by accepting the renewal | | | | spending a little time on line. |
| quote of their existing insurer. Shopping around | | | | Only 24% of those who have been with their |
| and switching to a more competitive provider can | | | | insurer for over 10 years named price as the |
| save the average shopper 100's on their premium. | | | | deciding factor in their purchase. |
| A survey carried out by the Supermarket chain | | | | It appears that in this price driven society there |
| Tesco's found that only 32% had switched in the | | | | are still those who value policy features and cover |
| last 12 months. Perhaps worryingly, 1 in 10 | | | | level above finding the cheapest policy. |
| admitted to never having switched or using the | | | | Price is obviously very important when it comes |
| same provider for more than a 10 year period. | | | | to deciding on any financial product and should be |
| Those questioned admitted to staying with their | | | | taken in to consideration with any prospective |
| provider as the policy features and cover type | | | | motor insurance policy. Having said this - you |
| were more important to them than the price. | | | | should be careful to check you are receiving the |
| Meanwhile 71% of those who switched insurers in | | | | features and level of cover you require. |
| the preceding year put price at the top of their | | | | You can make things easier by searching for |
| list of priorities. | | | | manufacturer specific insurance such as; "ford car |
| 56% of those who have switched car insurance | | | | insurance". This can help you achieve a better |
| providers in the preceding 3-4 years said that | | | | deal. |
| price had been the most important factor for | | | | Remember; when your renewal comes through - |
| doing so - this appears to show that more | | | | Don't automatically accept it, shopping around can |
| recently consumers have gotten wise to the fact | | | | save you hundreds! |