Young driver car insurance news
25/03/2009
Money wasted in failing to shop around
Millions of motorists across the UK - including buyers of young drivers insurance - are failing to compare cover for their vehicles when looking for new deals.
By not shopping around, drivers are likely to be pouring money down the drain when there are significant savings to be had by simply going online and visiting comparison websites.
Almost one in five people - 19 per cent - waste cash by not bothering to find additional cheaper quotes and just decide to renew with their current provider of car cover, according to a recent study.
The study findings are surprising when it also found that seven out of 10 people know car insurance firms offer better quotes to new customers, not ones that are renewing.
By comparing the cost of cover online, Gocompare.com estimates drivers could save more than £200 on their annual motor insurance.
Once motorists have found a keenly-priced deal, Hoot - the young drivers insurance specialist - recommends ringing its insurance line to beat the quote.
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