Motorists will pay more for not switching insurers, says analyst

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Motorists will pay more for not switching insurers, says analyst

An analyst for a price comparison website has claimed that UK motorists will pay larger premiums for their car insurance if they do not shop around for the best deals.

Hayley Parsons, chief executive of Gocompare.com, cited research released recently by the AA which showed that car insurance premiums had risen by an average of 1 per cent in the last three months.

Ms Parsons warned that in general, insurance policy holders are not rewarded for loyalty.

She added: "Motorists who don't switch their insurance this year will potentially pay a very high price for their misplaced loyalty.

"The best way to avoid the double-digit increases predicted by the AA is to stick your own double-digits up to your renewal quote and shop around for a better deal."

Recently, Norwich Union released research which suggested that there will be more car insurance claims in the UK this month than in any other.

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