Beware of auto-renewing

Research suggests that many UK households could be missing out on better home insurance deals as they have allowed their policy to auto-renew.

A quarter of Brits let their home insurance renew automatically and 17% of this group haven’t checked if better deals are available. A further 8% admit that they left it too late to shop around, by which point their policy had already rolled over. The trend is particularly noticeable among men, who are more likely to let their policies auto-renew.

While it can feel convenient, auto-renewal is not always the most cost-effective option. Insurance premiums and personal circumstances can change year to year, so you could end up paying more than necessary.

As with all insurance policies, conditions and exclusions will apply.

Source: https://press.gocompare.com/news/a-quarter-of-brits-admit-to-letting-their-home-insurance-renew-automatically