Tesco Finance Identify Car Insurance Savings

Published: 16/06/08

A study by Tesco Finance shows that many thousands of car drivers could save themselves money simply by moving to a more competitive insurance company.

The research found that, in the previous 12 months, less than a third of those taking part in the study had changed their car insurance provider, whilst 1 in 10 said they had either never changed their insurance company or had been with them for at least 10 years.

When it comes to changing insurers Tesco Finance found that over 70 percent of people did so in order to save money through reduced premiums, especially for those motorists who have not been with the same company for a long period of time.

Motorists want different things from their car insurance, whether it be a certain level of cover, a variety of options or just the lowest price. Although the current insurer may meet customer requirements there are always other insurance companies that can offer a very similar package, so it is always worth having a look around since the same cover can often be found for less.

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