Wed, 05 Oct 2005
UK consumers could save up to £4,000 a year by simply shopping around for the best deals on a number of financial services and products.
In particular, many motorists could make substantial savings by seeking out the best deal on their annual insurance premiums, according to Moneyextra.
Using the internet can also increase the ability of consumers to take advantage of the best offers and cut their expenditure on not only car insurance but also on mortgages, credit cards and loans.
"Moneyfacts.co.uk polls show that 88 per cent of consumers are planning to switch credit card providers this year, 84 per cent plan to take out a personal loan and 41 per cent plan to move house," said Emma Butler, web editor, Moneyfacts.
"Adding up the potential savings for cards, loans, and mortgages above shows that consumers could save thousands of pounds by shopping around for financial products," she added.
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