(PRWEB UK) 27 February 2012
The research, carried out with over 500 Which? members, underlines just how important it is for drivers to shop around for their car insurance report insurance comparison site Tiger.co.uk.
The motorists who took part in the research had paid an average of £343 for their existing car insurance cover and the average renewal quote offered by the existing insurers was £405 – 15% more than the previous year.
Around 80% of motorists in the study shopped around to find other car insurance quotes. Those shoppers were rewarded with an average final premium of only £332 - 18% less than the renewal quotes offered on existing insurance policies and 3% less than premiums paid in the previous year.
The study also found that even those who did not shop around managed to save themselves an average of £15 against their renewal quote simply by picking up the phone and negotiating with their existing insurer.
Andrew Goulborn, Commercial Director for car insurance comparison site Tiger.co.uk commented, “This supports our advice to drivers to always shop around when it comes to renewing motor insurance. Using a comparison site like Tiger.co.uk provides the peace of mind that comes from knowing you have scanned the market for the best deal available to suit your needs. Whether you choose to switch to a more affordable provider or to use the information to attempt to negotiate a better deal with your existing insurer we would always recommend taking the time to research the market.”
Tiger.co.uk is a trading name of Call Connection Ltd. Tiger.co.uk is a UK based, independent car insurance comparison site, offering insurance quotes from over 150 motor insurance brands. Call Connection Ltd is authorised and regulated by the Financial Conduct Authority (number 308374).