Shopping around pays off for vast number of people

Eight out of 10 people who have switched product or service provider in the last year have saved money, according to research.

The study carried out by Amárach Research, on behalf of the National Consumer Agency (NCA), showed that 95% of people who switched car insurance and 91% of those who did likewise with home insurance saved money as a result of their decision. The average amount saved was €102 and €84, respectively.

The research also found that, of the 18 categories included in the research, consumers are most likely to have switched car insurance (13%), mobile phone provider (12%) and their main grocery shop (10%) in the past year.