The National Consumer Agency (NCA) has revealed figures, which show 8 out of 10 customers save money when they switch their motor insurance provider. Overall, the top three sectors for switching were car insurance, electricity supply and groceries. More than 90 per cent of those questioned that had switched their provider of a service stated that the process was ‘somewhat’ or ‘very easy’.
The findings suggest that the majority of people found the experience easy and those that did move have often ended up receiving a similar service whilst also being able to save money. Click here for more information.
A spokesperson for the NCA said, “With costs rising in so many areas from energy, to groceries and insurance, these results show that savings can be achieved, with just a little effort by shopping around and taking the steps required for moving.”
Switching levels across savings accounts, banking services, health insurance providers and gas suppliers remained low, but these are also sectors where consumers could make savings. The NCA spokesperson added, “Specifically, for saving accounts there are some very attractive offers available at the moment and the NCA has a range of cost comparison websites available, which can be used to find the best offerings. The NCA through the wide range of resources and tools on its website is here to help and to make the process, especially where to start, as easy as possible.”
Consumers should be checking regularly to see if there are better value deals available to them, even if they have switched providers in the last couple of years.
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