Recent reports by MoneyExpert.com have found that well over 6 million British people have switched their car insurance company in the last six month period. Despite the rising cost of car insurance, some insurance companies are offering considerable discounts to new customers.
The lure of saving money has led to 6.4 million switching their policies, the website claimed. Sean Gardner of MoneyExpert reportedly commented: "When it comes to car insurance, loyalty does not pay. The only way that car insurance companies can offer discounts and incentives to attract new business is by passing on the extra cost to their existing customers."
Gardner reportedly continued: "Have you ever wondered why your renewal notice always seems to rise slightly compared to the competitive quote you got initially? It’s because you’re paying for someone else’s cheap deal."
And was reported as concluding: "While disposable income is being squeezed people need to make their money work as hard as possible for them. You could save up to 30 per cent off your car insurance by shopping around and that’s got to be worth having."
6 million switch their car insurance
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6 million switch their car insurance
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