Moneygate

It pays to shop around for low-cost insurance, say Moneygate.

How many times have your home or car insurance renewals landed on the mat and despite the fact the premiums have increased, you don’t bother considering switching companies?
Well, with research showing that we are all throwing away an incredible £508million a year by not shopping around, maybe it’s time for a re-think.

Annabel Green, of national IFA Moneygate, said: “It really isn’t the case that a loyal customer will always get a ¬better deal. But the good news is that it has never been easier to get the right policy at the right price and secure some cheap deals on insurance.

“Research shows more than three quarters of homeowners have not switched their provider in the last 12 months though and they could be missing out on some great savings.
“Different insurers will take a very ¬different view of your property, plus the best prices change all the time with new insurers coming into the market and ¬existing insurers launching new policies.”

You don’t have to wait until it is time to renew to change your insurance either. If you find a better deal, contact your provider. The firm will either refund your ¬remaining premium or, if you pay monthly, ask you to cancel your direct debit.

There is normally a fee of around £40, but this can easily be offset by the cash saved.
For more information visit www.moneygate.co.uk