Eight out of 10 people who switch service provider save cash as result
EIGHT out of 10 consumers who switched service provider reported that they saved money, according to the National Consumer Agency (NCA).
The top three sectors for switching were car insurance, groceries and electricity supply. More than nine out of 10 of those who switched stated that they found the process somewhat or very easy.
Commenting on the results, Maria Hurley of the NCA said: "With costs rising in so many areas from energy, to groceries and insurance, these results show that savings can be achieved, with just a little effort by shopping around and taking the steps required to move."
She added that the findings showed that for the majority of people surveyed switching was an easy experience and those that move often end up with a better or similar service while saving money.
However, switching levels remain low across savings accounts, banking services, gas suppliers and health insurance providers.
Ms Hurley continued: "In these sectors consumers may also be able to make savings.
"Specifically, for savings accounts there are some very attractive offers available at the moment and the NCA has a range of cost comparisons available on www.nca.ie which can be used to find the best offerings."
Consumers were urged not to be complacent and regularly check to see if better value is available to them.
Just because a consumer may have switched a product or service provider a year or two ago does not mean that they are still getting the best value deal today, the agency said.
"The NCA through the wide range of resources and tools on its website is here to help and to make the process, especially where to start, as easy as possible," Ms Hurley added.