A research by Barclays Insurance has found out that Britons are paying too much for home insurance. On an average, the overpaid amount comes up to be about £112.95 each year.
August 10, 2006 (Press Release) --
London (www.ecar-loans.co.uk) August 8, 2006: A study conducted by Barclays Insurance has revealed that for home insurance, British households overpay as much as £112.95 every year. This amount equates to a whooping sum of £1.7 billion for the whole of UK.
The reason behind this, as put forward by Barclays, is that people continue their insurance policies till the end even when they have the provision to switch to better deals. Home insurance customers can cut down upon the overpayments and save more money the sooner they switch their insurance deals to get competitive rates from the market.
Marketing director at Barclays Insurance Mark Till said; "It is amazing to see that people are unaware how easily they can switch their home insurance to a better deal.”
"And more importantly that it is not just an option when it is time for their annual renewal quote. We actively encourage people to shop around to find the best deal to ensure they get the best value home insurance."
Nevertheless, he added that "some insurance providers may impose exit fees upon customers wishing to switch to a different provider before their renewal is due".
Barclays draws attention to the fact that surveying is beneficial since home insurance premiums may range from £195.73 to £308.68.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact the webmaster or visit www.ecar-loans.co.uk
The reason behind this, as put forward by Barclays, is that people continue their insurance policies till the end even when they have the provision to switch to better deals. Home insurance customers can cut down upon the overpayments and save more money the sooner they switch their insurance deals to get competitive rates from the market.
Marketing director at Barclays Insurance Mark Till said; "It is amazing to see that people are unaware how easily they can switch their home insurance to a better deal.”
"And more importantly that it is not just an option when it is time for their annual renewal quote. We actively encourage people to shop around to find the best deal to ensure they get the best value home insurance."
Nevertheless, he added that "some insurance providers may impose exit fees upon customers wishing to switch to a different provider before their renewal is due".
Barclays draws attention to the fact that surveying is beneficial since home insurance premiums may range from £195.73 to £308.68.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact the webmaster or visit www.ecar-loans.co.uk
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