Do you reside in a single of these car insurance rip-off regions?

Automobile insurers who automatically renew your cover when it ends are costing you funds, and if you live in the Midlands or the South East of England, you could be hit worse than drivers anyplace else.

Chris Heaton-Harris MP (Con, Daventry) with Peter Plumb, MoneySuperMarket CEO

Our research has already located drivers who don’t shop about are missing out on £1.3 billion worth of savings every year when their policies are automatically renewed by their insurers.

Now a regional breakdown of the data reveals that where you reside has a weighty effect on how badly you’ll be hit.

Rip-off regions

Auto-renewals expense English drivers in the South East the most (£307 million), followed by these in the Midlands (£240 million), South West (£150 million) and North West (£137 million).

North of the border in Scotland, savings lost simply because of auto-renewals total far more than £32 million, whilst motorists in Wales are missing out on savings totalling £21 million.

Here’s a breakdown of how considerably each region is losing to auto renewals:

Election unique

With a general election looming, we also looked at how the constituents of important political celebration figures such as David Cameron and Ed Miliband compared.

Motorists in the Prime Minister’s Witney constituency are missing out on possible savings of up to £2.7 million by falling prey to their insurer’s auto-renewal tricks.

Alan Campbell MP (Lab, Tynemouth) and Peter Plumb discuss the auto-renewals report.

Meanwhile, Ed Miliband’s driving constituents are being ripped off by vehicle insurance providers to a lesser extent than Cameron’s – but motorists in the Labour leader’s North Doncaster powerbase could still save up to £2 million.

The PM’s Lib Dem coalition companion Nick Clegg represents the Sheffield constituency of Hallam, where drivers could shave £1.66 million off their insurance coverage policies by giving auto renewals the boot.

And even though George Osborne attempted to balance the books in last week’s Spending budget, policyholders in his Cheshire constituency of Tatton need to stick to suit and save up to £2.3 million by avoiding auto-renewing.

‘Many motorists have no idea’

Dan Plant, editor-in-chief at MoneySuperMarket, stated: “Auto-renewal tricks are costing the nation’s drivers dearly, and need to stop.

“Motorists in the South East could be the worst off presently, but the entire sector demands shaking up to aid stifle the tricks of the trade.

“Many motorists have definitely no idea that they’re agreeing to auto-renewal when they obtain their policy in the initial location, and insurers can often make it challenging for clients to keep away from renewing.”

We’re taking a stand

MoneySuperMarket is leading the charge against auto-renewals, and lately launched an 8-point strategy to challenge the industry and cease buyers wasting their income.

It contains suggested improvements such as drivers being asked regardless of whether they want to opt-in to auto renewals or not, and forcing insurers to clearly show you how significantly you paid for cover final year so you can see how considerably more or significantly less costly the renewal value would be.

We’re campaigning difficult for urgent alter, and several MPs have backed our calls for business reform. But as and when your automobile insurance comes up for renewal, you need to take power into your own hands and decline to auto-renew your policy till you have utilized a comparison tool to shop around for a better price.

Do you reside in a single of these car insurance rip-off regions?