We're inherently lazy... and insurers know it. If we all churned, things would be different. Instead:
Quote:
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instead of the usual 5 or 10%
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That's it bottled. We'll accept 5-10% which is likely broker margin, and nothing to do with the underwriter's price. The broker moves the risk, yet slices another 5-10% from 'Mr Insured' with the 'same company, same car, same price'.
Procrastination becomes broker gravy. Very few of us churn. And less understand that their 'insurer' is likely not. I'm suckered to believe my insurer is Adrian Flux. When I last looked, in the pure sense, Adrian Flux do not insure anything. Never did. Likely never will.
My *actual*insurer is 'Axa' - I have to dig deep to find that out. And there's probably another layer under Axa?