British policyholders could save nearly £700 per year by comparison shopping. According to recent research, homeowners insurance in the United Kingdom is costing an average of £125 per year, per household, more than it needs to, simply because people are choosing to stay with their existing provider instead of shopping around. This is an estimated waste of £687 every year, according to a U.K. comparison site. The data analysis also determined that 29 percent of all homeowners insurance policyholders in the country simply automatically renew their policies with their insurers…
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