With the new “61” registration plate due out this month, September is always a busy time for the car insurance industry with 330,000 new cars being registered in the coming four weeks.
If you’re one of the lucky 330,000 to be taking possession of a brand new vehicle this month, the advice from insurance caparison website GoCompare.com is to shop around for a great deal on cover. The price comparison site is anticipating 1.5 million searches for car insurance through its site this September as savvy drivers attempt to sniff out a bargain.
Last year figures revealed that 70% of drivers in the UK used a price comparison website to compare the cost of quotes for car insurance renewal across a range of providers. Half of those motorists who did, were successful in finding a much cheaper deal on their annual insurance, with the average saving from GoCompare.com customer standing at £354.35.
However for some drivers, the savings have been even more impressive. GoCompare.com customer, a 23-year-old computer programmer was sent a renewal quote of £1,640 for his VW Golf, but after comparing quotes on the site, he found a policy which saved him £821
Despite the rewards and the huge savings available to drivers who shop around for car insurance deals, figures showed that 12% of drivers have never switched providers. Many believe their customer loyalty will be rewarded with favourable rates on their annual cover, however this simply isn’t the case for most.