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- Mon 12th Sep 2011
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- Tue 28th Jun 2011
- Welcome back moneybrain.com
- The trumpo team are pleased to welcome back an old friend.
- Mon 13th Jun 2011
Home insurance market 'becoming battleground'
Mon 14 Jan 2008 5pm
British consumers are becoming increasingly interested in getting a good deal on their home insurance, a new report has stated.Industry research firm Consumer Intelligence (CI) claimed that a growing number of Britons are comparing insurance prices and switching policy providers in order to save money - mirroring a trend previously seen in the motor insurance sector.
According to CI, price sensitivity among home insurance firms has increased by ten per cent in the last few months, while several leading providers have recently cut their annual premiums by 50 per cent as the market becomes more competitive.
Managing director of CI Ian Hughes said: "Consumers long ago woke up to the fact that they can save serious money on their motor insurance by switching providers.
"It was only a matter of time before they applied the same principle to home insurance."
Legal & General recently stated that more property owners could avoid having to claim on their insurance policy by becoming more safety-conscious around the home.
