1.4bn pounds lost savings.

4th March 2006 - Privilege Insurance Press Release.

Over 11 million safe drivers are missing out on saving hundreds of pounds each by failing to shop around for insurance at renewal time, according to new research by Privilege Insurance.

Despite three quarters of British drivers having earned four+ years no claims discount, only around half (55 per cent) actually shop around for their insurance to ensure they are being fully rewarded for their safe-driving record every time the renewal notice drops through the door. 

And with an average saving of £127.52 made by those motorists with four+ years no claims discount at their last renewal, those that don’t shop around run the risk of missing out on a combined total of £1.4bn in savings compared to those who do research their insurance premiums.

Casting a doubt on their reputation as a frugal nation, it’s the Scots who are ...cont/