11th October 2011
Drivers 'would change insurer to make minimal savings'
One in five drivers would happily change car insurance providers in order to make a minimal saving on their premium.
A survey by Moneysupermarket.com found that 22 per cent of people would be prepared to switch their policy to another insurance company for a saving of less than £25.
Surprisingly, the survey also found that a quarter of drivers merely renew their policies with their existing insurer without shopping around, and felt it would not be worth the hassle of switching for a saving of less than £78.
The price comparison site advised drivers to look around to find the best policy, as it found that searching before their renewal date can potentially save policyholders over £300.
Moneysupermarket.com's car insurance expert Pete Harrison said: "Those drivers who are unconvinced of the merits of shopping around, and automatically renew their car insurance, could achieve above and beyond their desired saving by taking the time to scour the market."
With weather conditions now taking a turn for the worst, drivers should ensure they have up-to-date appropriate cover, and that they drive safely. Road charity IAM has recently advised drivers on various safety aspects of autumn and winter driving.
By Penelope Fitzgerald
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