Confused.com: Britons lose £1.4 billion a year in home insurance inertia
www.moneynews.co.uk > Insurance > Confused.com: Britons lose £1.4 billion a year in home insurance inertia
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Confused.com: Britons lose £1.4 billion a year in home insurance inertia
Mon 6th Oct 2008
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According to its study, most homeowners either accept the renewal rate offered by their current insurer or simply do not look elsewhere.
Many also mistakenly believe that taking out home insurance with a particular bank will increase their chances of being approved for a mortgage with that provider.
Darren Black, head of home insurance at Confused.com, said that homeowners could save £186 a year by using the site to search for a home insurance policy.
Last week, Confused.com also found that similar apathy was leading to Britons wasting £6.8 billion every year on energy bills.
The website noted that there are approximately 14,000 tariffs available and so consumers should check regularly to see if they can find a better deal.
Spokesperson Gareth Kloet said switching suppliers is a simple process and that people should look to switch every six months if they do not have a competitive fixed rate.
Click here for more insurance news.
Related News : Insurance |
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Related News : Confused.com |
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