In a bid to save costs amid rising inflation, many Brits are scaling back the amount of money they put towards insurance and pensions, uSwitch has claimed.
According to research carried out by the group, 42 per cent of people said they had cut back on such contributions in recent months as the cost of living increased.
In terms of cutting cover, 15 per cent dropped the breakdown protection on their
car insurance, while the same percentage scrapped dental policies.
Meanwhile, 13 per cent had decided to forgo
life insurance protection.
Ashton Berkhauer, insurance expert at uSwitch.com, warned: "There is a big difference between cutting down on luxuries or your weekly shop and cutting out on life insurance or pension savings."
Other trends recently identified by uSwitch have included a rise in the number of children who are walking to school, with high petrol prices said to be the main reason for parents encouraging them to do so.
InsureandGo's car and
life insurance cover is both competitively priced and robust.