Car insurance customers urged to shop around

Thu, 26 Feb 2009

Britons could be paying too much for their car insurance, according to a new study.

Research by Gocompare.com has found that UK motorists could be forking out an extra £1 billion on their car insurance this year without even knowing how much cheaper things could be.

This is because 19 per cent of drivers simply opt for their renewal quote, rather than shopping around for a better car insurance deal .

Hayley Parsons, chief executive officer of the price comparison website, explained that shopping around could land people a better deal on their car insurance.

"Our experience shows that insurers almost always offer more attractive quotes to new customers than they do to their existing clients," the car insurance expert said.

Just because a firm offered someone a good car insurance deal in the past does not mean they will do so again, she added.

Recently, Mike Pickard, head of risk and underwriting at esure advised people to obtain a car insurance quote before they buy a vehicle so they know the true cost of running it.
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