63% Use Comparison Websites To Choose Car Insurance Policy

Readers may be interested to hear that, according to the comparison website Moneyfacts.co.uk, 63% of people taking part in a survey conducted by them actually used the services of a comparison site to decide which company to use to arrange their car insurance policy with. We are sure that you will agree this is a high percentage and just confirms the success of such websites here in the UK.

It is also interesting to read that 22% of people taking part in the survey followed the recommendation of a friend or family member or used a brand name that they could trust when deciding which company to arrange their motor insurance policy with.

Another interesting statistic was that 52% of people taking part in the survey spent in excess of 60 minutes deciding which company to use for their car insurance. Perhaps this just goes to confirm that many people commit a considerable amount of time in selecting which company to take out their cover with. One of the reasons why some people spend so much time may be due to the increase we have seen in premiums in the last couple of years or so as policyholders try to obtain a competitively priced policy.

Some people may find it surprising to read that 10% of people taking part in the survey merely re-arranged their motor insurance with their existing provider and did not even bother to shop around for alternative providers. This does seem a high percentage and one cannot help but wander if some of those people had decided to shop around for their cover if they could have found the level of cover that they required but for a lower premium.

Of course, there are a variety of other ways to arrange motor insurance. For instance, you could get in touch with an insurance broker in your local high street that could assist you in obtaining cover. You could get in touch with banks and building societies or even the Post Office. Not all providers of car insurance use a price comparison website to advertise their product so you could contact some individual companies and compare the cost with a range of providers.

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