Home Insurance Loyalty Penalty

Insurance Quotes For Home Insurance Cheaper When You Shop Around

July 2009
In a recent report and survey by Your Money it was revealed that the British home owner could well be wasting money by actually being loyal to their home insurance provider which is extremely sad news when you consider the years insurance companies have put into pro-actively pushing the loyalty element.

You would think, or certainly the average man on the street will be thinking how can this be possible, surely on the renewal of an insurance policy the insurance provider has less out goings because there cannot be any marketing cost associated with the renewal process.

The simple fact is, the insurance market place, including home insurance is now extremely competitive and the implication of the price comparison websites is forcing prices even lower, something we reported on three years ago.

It seems as though the days of loyalty in the home insurance arena are gone, or certainly well on there way out as more people continue to utilise the insurance price comparison online utilities. With many of the insurance aggregators openly flaunting savings of up to £200 for home insurance its hardly surprising, particularly in this time of recession that many home insurance consumers will be shopping around.