Householders overpaying on home insurance by £1.3bn
British householders are overpaying on home insurance by a staggering £1.3bn every year, according to Confused.com.
Despite having discovered how easy it is to compare products and prices online for car insurance, and making substantial savings by doing so, consumers are not applying the same approach to their home insurance according to the comparison site.
Confused.com found that, in 2008, just 7% of motor customers, who were also homeowners, checked to see if they could find a better deal online for their home insurance; leaving a whopping 93% who did not apply this savvy shopper logic to their home
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