Only a third of motorists play the switching game
Brits are not switching as much in the car insurance sector as they are when it comes to their electricity and gas suppliers, research by TescoCompare.com reveals.Only a third (32 per cent) of car owners have switched their car insurance within the last year and as many as one in ten motorists have never switched or have been with the same insurer for over ten years.Despite the annual renewals on car insurance policies, almost half (43 per cent) of those polled said they have stayed with their current provider for three years or longer, with those who had been with their insurers for longer rating price less high on their list of priorities, who valued the level of cover provided as the most important factor.Commenting on the research, Peter Dingle, managing director at Tesco Compare.com 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. "It seems that these people are the ones valuing policy features and the level of cover provided above the cheapest policy available."
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