As per a survey conducted by LV, it has been showcased that about 8 in 10 car drivers would avoid cheaper insurance schemes if car insurance meant going for worst service.
However, few who prefer cheaper car insurance for the solitary idea of saving amount have been notified that this could result a major loss in the near future.
According to the operational director of LV insurance business, most of drivers are tempted towards saving amount in current economic conditions. Peter Horton added that, the major danger is that these cheapest car insurance policies can help them to same money on short term, however this can lead to substantial loss in the future if the insurer is offering some substandard assertion service.
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