Research from Premium Credit has highlighted that customers are spending more time shopping around for the best deal on their insurance. The Premium Credit Insurance Index found that 53% of customers said they were putting more effort into finding the best deal than previously – up from 43% last year.

Owen Thomas, chief sales officer at Premium Credit, said: “The rising numbers of insurance customers spending more time on shopping around reflects the rise in prices across the economy in general.”

The Premium Credit Insurance Index showed that 70% of people were using some form of credit to pay for one or more insurance policy, this was up from 66% in March 2022.

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