Confused.com Reveals That Failing to Switch Home Insurance Costs Brits GBP1.7 Billion
New research from Confused.com reveals that Brits could be collectively wasting GBP1.7 billion by not getting the best value deal on home insurance.

CARDIFF, WALES, February 26, 2011 /24-7PressRelease/ -- New research from Confused.com has revealed that 13% of households have never switched home insurance provider, and 70% have been with the same provider for more than a year. The comparison website has calculated that with an average saving of GBP96.43 per annum* when policyholders switch to a new provider, Brits could be collectively wasting GBP1.7 billion** by not getting the best value deal.

The research also revealed a whole host of excuses for not making the effort to shop around and get a new home insurance deal, the most common reason being that people felt they had such a good deal at the moment there was no point. Findings included: 20% just can't be bothered to switch; 11% think it's too complicated; 4% didn't know you could; 39% think their deal is so good that there is no point in switching; 19% don't think the savings to be made are worth the effort; 9% don't know how to do it.

Mark Gabriel, head of home insurance at Confused.com, said: "As a nation we've become really good at shopping around annually for motor insurance, but most of us still aren't making the effort when it comes to insurance for our homes and their contents. The overall price may be lower than for car insurance, but there are still valid savings to be made.

"It's worth totting up the total of your valuables, including items kept in the garden, shed and garage before you start the quote process," said Mark. "Levels of cover can vary between providers so check everything you want is covered and then select a policy that meets your needs. It's worth doing this on an annual basis to make sure you've got the right cover at the right price - loyalty doesn't pay and you may be able to find better cover at a lower price."

Press Release Contact Information:

Zoe Stevens
Confused.com
PR Manager
Friary House, Greyfriars Road
Cardiff, Wales
United Kingdom CF10 3AE
Voice: 02920 434393
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