Car insurance: Drivers who shop around for cover save more

Wednesday, 17 March 2010

Motorists who spend an hour shopping around online for a car insurance quote can save two and a half times more money than those who spend just a few minutes on the task, according to new research.

Nine out of ten motorists surveyed by Quidco, the cashback website, said they shopped around for their last car insurance policy, and three out of four compared at least five quotes before buying.

However, drivers who spent an hour or more searching out the best deal saved £100 on average, compared to £38 saved by people who spent 15 minutes or less.

More than eight in ten of the motorists who saved £250 or more on their car insurance said they spent at least an hour on their renewal.

Nicola Frame from Quidco said: "Most motorists are now pretty savvy about shopping around and comparing prices to get the best insurance deal."

For those hoping to buy cheap car insurance, the Daily Mirror recently noted that vehicles with a small engine cost less to cover than larger models.

Posted by Claire Carter

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