| A survey of over 2500 Australians, conducted by | | | | brands. |
| Youi insurance, has indicated that 43% of | | | | Dyer indicated that the internet was one of the key |
| Australians would switch their car insurer if their | | | | drivers enabling consumers to shop around more |
| annual car insurance renewal went up by as little as | | | | easily. |
| $25. | | | | "The internet is certainly enabling consumers to |
| A further 29% would readily switch if their annual | | | | compare car insurance premiums more quickly and |
| premium went up by $50. | | | | more efficiently," he said. |
| Brendon Dyer from Youi insurance said he was | | | | "You can generally get a range of prices in a matter |
| surprised by the findings. | | | | of minutes and then ring the insurer for more in |
| "We thought people would be prepared to shop | | | | depth information." |
| around if their premium went up by $100 or more." | | | | "However, it's important that you get the right |
| "To find that they will shop around if it goes up by | | | | insurance for you. The cheapest offering is |
| as little as $25 is amazing," he said. | | | | invariably not the best," he said. |
| "It's clear that people are feeling the squeeze | | | | In recent times insurers have been putting up the |
| financially and taking steps to find savings on their | | | | prices of their Car and Home insurance offerings to |
| household expenditure wherever they can." | | | | cover the losses they experienced due to summer |
| The number of companies offering car insurance in | | | | storms. |
| Australia has increased significantly in recent years. | | | | They have also experienced mixed returns from their |
| Australians now have more choice than ever before | | | | investments due to the volatility in world |
| and can choose from low cost internet only options | | | | sharemarkets over the last 12 months. |
| right through to the more established traditional | | | | |