Overcast

Overcast

max temp: 11°C

min temp: 7°C

Search

Drivers reluctant to shop for best insurance deals

PUBLISHED: 16:14 04 September 2014 | UPDATED: 16:14 04 September 2014

Insurance is a must but are you getting the best deal?

Insurance is a must but are you getting the best deal?

PA

Many drivers are reluctant to shop around for the best deal on their car insurance, according to a new study.

Drivers in the UK are missing out on saving £2bn by not shopping around for the best insurance deal and simply going with their automatic renewal. This means 8.2 million drivers in the UK are missing out on saving and average of £222.66 each.

A study has found 36% of drivers have been with the same insurer for three years or more and less than half of all drivers (46%) check their new quote against the previous year’s to make sure they are getting the best deal.

Many assume the cheapest quote from the previous year will still be the cheapest when they renew.

Other reasons cited by drivers for not changing insurer or seeking a better quote include it being too much hassle (21%), not wanting to change a direct debit (18%) and their current insurer being good to deal with (12%). Some drivers also said they lacked confidence to get a better deal (8%) and worried they might lose no claims discount (8%).

The research was carried out by Gocompare where Lee Griffin said: “September is always a busy time for insurance renewals and, while not everyone will be changing their car this year, there will be millions of renewal notices already sitting on the nation’s coffee tables and ‘to-do’ piles. Now is the time to be shopping around to try and get a better deal as many insurers will happily renew your insurance automatically unless you contact them to tell them otherwise. Millions of drivers are potentially overpaying for their car insurance to the tune of nearly £2bn a year.”

Co-op customers can expect to pay less for their shopping basket as the retail giant fights “tight” competition.

The Orwell Bridge will close at 10am this morning, Highways England has announced.

One lane of the A12 was closed to traffic this morning, causing lengthy delays, due to a collision and oil spillage near Colchester.

These pictures from The Lattice Barn pub in Woodbridge Road will evoke fond memories for many from 1974.

A Suffolk NHS trust has been ranked one of the best of the country, despite experiencing its most challenging winter on record.

Drivers are advised that it is “highly likely” the Orwell Bridge in Suffolk will shut during tomorrow morning’s rush hour amid forecasts of 65mph gusts.

He’s a well known television personality, but what’s John Bishop like live? Reviewer ELLIS BARKER headed down to the Regent tonight for the first gig of his three-night stop in Ipswich.

Warnings issued of the Orwell Bridge’s third closure in as many weeks have prompted renewed calls for a northern bypass to be built.

An investigation into whether ambulance delays caused the deaths of patients in the East of England must be transparent and independent, a union leader has warned.

A couple who run a hedgehog rescue charity from their home near Stowmarket say they released more than 400 of the little animals into the wild just last year.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24