Consumers 'too lazy to seek best value rates'

The majority of consumers are too lazy to shop around for the best-value financial products, even though it could save them hundreds of pounds a year, research claimed today.

Nearly eight out of 10 people surveyed in the UK admit they have not thought about moving their building or home contents policies in the past 18 months, while 48% don’t even know how much the policies cost them each year.