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Is auto-renewal costing you money?

Many firms now automatically renew customers' insurance each year, but some customers are finding that it’s putting them out of pocket.

Auto-renewal is supposed to make life easier for the customer to renew their insurance policy, but in many cases they can save money by getting a fresh quote

Kevin Pratt from the price comparison site moneysupermarket.com told 5 live Daily’s Adrian Chiles that many people could be paying over the odds for insurance because of auto-renewal.

“My home insurance is up for renewal, I’ll let it slide because I’m very busy and that’s when this incremental increase year on year, can mount up.â€

This clip is originally from 5 live Daily on May 16 2016.

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