mitsui sumitomo insurance london management ltd

mitsui sumitomo insurance london management ltd
We are all trying to save some extra pennies at the moment and there are many ways to do so, however, downgrading your car insurance policy is not the way. A recent survey conducted showed that around 18% of motorists are considering purchasing third party only when the time comes to buy or renew their car insurance.

If customers then downgrade the insurance industry could lose around £ 1.5 billion in revenue and what happens when companies lose money? You have to raise prices to help them maintain profits. This means customers would probably have to increase premiums to customers can not be saved as much as they think.

The insurance industry on the whole, was strongly affected by the credit crunch with 26% of customers refuse to provide the protection to all products they buy. Customers are not recommended to downgrade their policies because they do not cover they need, and the unexpected happens, you can be left with huge bills to pay.

Customers looking to save money on their car insurance should be the change, as this is often the best way to at your expense. If you have not renewed in the last 2 or 3 years, then chances are that there is a better deal available, so look around and see what you can find.

Search for cheap car insurance may not be as easy as it was due to an increase in the price of 20% in the last 12 months, has approximately £ 100 towards fees. However, online shopping can at least make sure you find the most competitive offers around by comparing the leading providers. Do not downgrade your car insurance to save money, there are elements that you can afford to do, but without car insurance is not one of them.

Downgrade for your car insurance may cause you to pay huge bills if you have an accident. The insurance industry will probably increase their prices to recover the losses they have made so finding cheap car insurance can be hard.