Insurance – loyalty doesn’t pay!

A recent article in The Guardian newspaper has reminded everyone how important it is to have a regular look-around at your insurance policies – if you’ve just renewed each year for a few years with the same insurer, you’re likely to be overpaying for the cover you get.

The news story quoted a number of cases, and in some of these the customer had paid thousands of pounds more than they needed to over a period of time. One individual was said to have paid around £3,500 more than he needed to, to Royal Sun Alliance insurance over a twenty year period. Other cases have since come to light in which regular-renewal customers have started to look around, and found big savings immediately – another customer telephoned Aviva and saved over £600 per annum on a house insurance and two car insurance policies.

If you you or someone you know has been paying increasing amount for the same insurance over a period of years, without checking alternative prices, Goodbye 9 to 5 says check around right now – setting aside half an hour every couple of years for a few phone quotes might easily save you hundreds of pounds.

Tags: claim, information, insurance, overcharge

This entry was posted on Sunday, November 29th, 2009 at 3:46 pm and is filed under community, money. You can follow any responses to this entry through the RSS 2.0 feed.