Laziness is costing motorists money.
Gocompare.com’s latest survey reveals that 5.7 million motorists a year fall into the auto-renewal trap by simply allowing their car insurance to automatically renew without checking other quotes first.
March is traditionally one of the busiest months for car insurance renewals due to the high volume of new car sales. However, the new survey shows that many drivers are likely to fall in the auto-renewal trap.
Nearly a fifth (19%) say they allowed their car insurer to automatically roll-over their policy for another year at their last renewal – without checking whether they were being offered a good deal.
Young motorists (aged 18 to 24) – who potentially have the most to save – were the most apathetic. Men are worse than women at letting the situation ride.
A third of those surveyed admitted to leaving their insurance to roll-over without checking other quotes, while 61% said that they auto-renewed because shopping around was ‘too much hassle – even if I could save money’.