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British motorists waste £2 billion automatically renewing car insurance

Save on Your Renewal

Full article available from ABP Club

  • Motorists could each save £300 a year by switching
  • Seven million drivers stay loyal to their existing provider at renewal time and two million can't be bothered to shop around

British motorists are burning over £2 billion as a nation by staying loyal to their existing car insurance provider.

By sticking with an existing provider at renewal time and not shopping around for a better deal, drivers could be throwing away £300 each, says MoneySupermarket.com.

With the new ‘13' plate car registrations released next week, research has found seven million motorists (19 per cent) automatically renew their car insurance with their existing provider.

11 per cent don't think they could save money, and worryingly a further six per cent, or two million drivers, just can't be bothered to shop around for a better deal

[Read More]

(image courtesy of Stuart Miles/ freedigitalphotos.net)

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