| |
Car Insurance -
More people switching car insurance providers than ever |
|
| |
| |
Rising premiums has forced more than 6 million people to switch car insurance providers during the past six months, new research has shown.
When a policy comes up for renewal, more than ten per cent of people changed insurer with most customers disenchanted with the lack of discounts and incentives. It seems that the only way to ensure loyalty is for the insurer to give them a reason to stay.
The decision to change policies has been heightened by rising claims costs which is likely to make car insurance firms raise their premiums.
The emergence of more and more online comparison sites citing the best car insurance products means that people can afford to shop around and that perseverance in the search can lead to the perfect policy deal. While some of the options explored may not pan out, the more persistent you are the closer you will get to a good deal.
Shopping for auto insurance online is expedient and quite easy to do. There are many websites offering useful tools and resources to make the process smoother. Of course, it would be wise to thoroughly go through the details of the policy and familiarise yourself with the terms of service before making the commitment to purchase. This way, you lessen your chance of any surprises caused by extra charges or high deductibles once the policy starts.
Although people are quick to change car insurance providers, it may be prudent to ask if change really is necessary. When comparing coverage, make sure you know what discounts you are receiving from your current insurer and whether you will receive comparable discounts with a new company.
Many companies may reward long-time customers, especially drivers who've had clean records. Switching from coverage had for many years could cost you this premium break. You might even discover that you can save money by simply amending your current policy. For example, five years ago when your car was new you needed more coverage than you do now.
Although the new figures are revealing that drivers are switching, closer inspection that the greatest number are middle aged persons whose circumstances may be very different to a younger teenage driver. Whether it pays to switch quickly or be prudent and see what your provider can do for you by way of loyalty benefits and collateral perks, depends purely on your circumstances and relationship with your insurer.
|
|
|
| |
|
|
|
