Cheap car insurance news
13/05/2008
Women can get better deal shopping around
Millions of men and women car insurance buyers are switching insurers every six months, a new study shows.
Some 35,000 people move to a different insurance firm every hour as policy shoppers search for better deals from competitors.
Moneyexpert.com, a finance website, carried out the research. It warned that insurance premiums were increasing by about 10 per cent this year.
However, by shopping around, insurance buyers can bag discounts by signing up as new customers for other insurers.
Key advice from moneyexpert.com: remaining loyal and staying with your old company will almost certainly mean paying more for car insurance.
So, best advice to save money on premiums is to switch insurers.
It is a fact that the cost of renewing motor insurance is higher than the initial competitive quote. In effect, old customers are paying for new customers' cheaper deals.
Only 13 per cent of women swapped insurers compared to about 15 per cent of men.
A spokeswoman for CoverGirl, a leading women's car insurance firm, said, "Come on girls - time to beat the boys. Contact us for a quote now and get a cheap car insurance deal for women from CoverGirl."
