If one of your insurance policies is coming up to renewal for example, your household, motor, pet or annual travel insurance policy dont automatically accept that your current insurer is offering you the best deal there is.
Most insurers know that when it comes to renewal time, around 70% of their customers will accept the quote, without even seeing if they could get it cheaper elsewhere. This could be because the customers feel dont have the time or the inclination to bother or genuinely believe they are being offered the best deal there is.
However, this complacency could cost the consumer tens even hundreds of pounds every year. Insurers are running a business after all and most will not reward their customers with cheaper premiums for loyally sticking by them.
By shopping around either by going online or by using an independent broker – you could save yourself a hefty wad of cash and it doesnt have to be a time consuming exercise.
And while the average consumer is probably sick of being told that you must shop around even the Financial Services Authority (FSA – which is the independent regulator set up by Government to look...
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