31
Oct
Home insurance customers swapping providers more often
More and more people are regularly swapping their home insurance
provider, new research has shown.
According to figures from MoneyExpert.com, 1.6 million more people
switched their home and car insurance provider during the third
quarter of 2007 than had done so during the preceding period.
The phenomenon is due to a combination of a profusion of heavily
advertised competitive home insurance offers, but is also the
legacy of people becoming increasing aware of cheaper deals through
their use of price comparison sites, Sean Gardner, chief executive
at MoneyExpert, claims.
He said: "Insurance has been incredibly competitive for a long time
now. Just turn on your television and you'll see scores of
advertisements all claiming to get you the best deal.
"And with online price comparison becoming mainstream for millions
of people, it’s even more likely that people will be happy to
chop and change providers in search of the best deal."
