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car news headlines Shopping around 'foreign to car drivers'
Shopping around 'foreign to car drivers'
Nov 28 2007
More than two-thirds of motorists have not looked to change their car insurance provider within the last year, a move which could cost hundreds of pounds, new research has found.
Only 32 per cent of Car Finance customers have switched insurance companies in the last 12 months, with the rest fearing a move could impact on future Car Credit agreements, a study by TescoCompare shows.
The research also found that one in ten motorists have never switched their car insurance provider or have been loyal to the same company for at least ten years. A number of companies offer insurance, Car Loans and car credit deals.
Peter Dingle, managing director at TescoCompare, said: "Our research shows that there are a great proportion of motorists out there who aren't searching for the best deal for their car insurance and who are instead staying with their current car insurance provider."
Last week, research by Experian found super minis to be the most popular type of used car bought in the UK - models which are cheaper to insure.
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