Why Don’t Car Drivers Pick Up The Money That’s Waiting For Them?
Tuesday, January 27th, 2004It never ceases to amaze me how people will shop around for savings of a few pounds or dollars on the latest high street gadgets, clothes, or groceries, but leave much greater savings on the table when it comes to insurance.
The motor insurance industry is extremely competitive and all of the companies want your business. Being competitive however, does not mean that they all charge the same or similar premiums for the various types of cover. There are huge differences in premium rates and therefore great scope for a bargain if you are prepared to shop around.
There are many reasons why insurance rates vary between companies. Each assesses the risks involved in every area of cover and will have different views of the level of risk associated with each activity. These risk assessments will be based on the experience of those companies in the past and the plans they have for the future but they will change over time to reflect changes in internal and external factors.
Some insurers for (more...)
