Tuesday, January 11, 2011
Category:
Home Improvements
According to new research conducted by Lake Market Research on behalf of online insurer swiftcover.com, the equivalent of 59 percent of people in the UK are planning to make ‘further savings’ this year.
Findings uncovered that 66 percent of Brits are looking to make savings on their energy bills in 2011 and 55 percent will try to find cheaper credit card offers. It was also found that 42 percent of UK consumers will be looking to switch to less expensive landline / broadband deals. Furthermore, 41 percent are reportedly intending to make car insurance savings by switching, whilst 40 percent are intending to switch in a bid to reduce their mobile phone bills.
swiftcover.com also revealed that home insurance is rapidly becoming recognised as ‘an area for potential savings’ according to their research. It was found that 36 percent are planning to switch to save in 2011.
Marketing director at swiftcover.com, Tina Shortle, commented: "This year is going to be another year for the tightening of belts for everyone in the UK. It's no surprise that energy bills are top of the savings list, however it's interesting to see both car and home insurance being so prominent in the savings wish-list. People realise that they can save money on their insurance by shopping around. With swiftcover.com they can save time too."
With regard to those who are hoping to make savings on their car insurance, 58 percent are reportedly planning to save between £20 and £50, whereas 9 percent are planning to save in excess of £100. On average, findings show that motorists would like their 2011 premiums to be £47 cheaper, whilst 21 percent would be ‘happy’ to save a smaller sum of £20 on their home insurance.
Shortle continued: "Shopping around for the right car insurance is important if you want to make the biggest saving possible. However, home insurance hasn't traditionally been an area where people switch to save, purely because it's perceived to be so difficult. It's good to see so many people (36 per cent) realising that there are huge savings to be made by switching home insurance."
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Homeowners who would like to reduce their energy bills in 2011 and beyond, could investigate the possibility of taking out a secured loan to finance
home improvements. One of many finance options available, a secured loan for this purpose could be used to fully insulate a property for example. In addition, any draughty doors or windows that may currently be allowing heat to escape could also be replaced. Borrowers may even wish to invest in solar panels to utilise the sun’s natural source of energy.
