The maximum numbers of drivers who are Australian are spending with potentiality $1.5 billion extra for the insurance of their car insurance by blindly adhering with the largest insurers of their state's, latest research has discovered.
Australians need to shop around and look beyond the major insurers to secure a better deal on their car insurance aAccording to a study by Australia's leading finance comparison website InfoChoice.com.au.
In comparing the premiums charged by each state's three largest car insurers with those of smaller, competitive insurers, the website found:
Of the different states, drivers of New South Wales with the three biggest car insurers of the state experienced the largest estimated average premiums - approximately 1,200 per year - with the capability to save per year (or 38%). Collectively, clients of the 3 biggest NSW insurers could save in excess of million annually.
Victorians could save some million annually, where average premiums are estimated to be around per year. They could be, or 32 per cent, lower by shopping around.
Where average premiums are estimated to be over with the potential to save (or 42 per cent)South Australians didn't fare too well either. A collective state saving of million could me made by this.
A potential saving for the state of around million because in Western Australia average premiums of can be less (or 29%).
Where average premiums of could be (or 27%) lower, Queensland has the potential to save some million.
Tasmanians face average premiums of around, which might be less (or 32 pe cent), equating to a potential saving of million for the state.
"Evidently, it pays to look ahead of the largest players because the smaller ones - those who challenge the supremacy of the big guys - have very competitive and compelling offers and a substantial amount san be saved," InfoChoice.com.au CEO Shaun Cornelius said.
Do not pay more without compromise of quality:Without compromising on quality do not pay more
"There is a perception that paying less means compromising on quality, but lower cost challengers scored on par with the big players for key customer satisfaction indicators in our survey of over 2000 car insurance policy holders," Mr Cornelius said
"In fact, Real Insurance and Budget Direct combined have received the most industry awards in the last five years."
Mr Cornelius said."We fully expected that people could save on their premiums but the potential savings are remarkable," "It's the cost of getting the car serviced or a domestic airfare. Money saving on car insurance will be more relevant given rising premiums are the norm and we hope to see more increases."
![[Valid RSS feed]](http://article2008.com/images/feed-icon.png "XML Feed For RSS"){kind=icon}
![[Valid RSS feed]](http://article2008.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites