Consumers can save up to 1,640 every year by switching household bills, according to a new research by the Permanent TSB Switching Index, compiled by Amárach Research.
The report was cited by Irish Examiner as saying that swapping service providers across various household bills including electricity, gas, broadband, car insurance, health insurance and main current bank account, is a habit worth forming with 2.3bn saved in the economy annually.
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The research further pointed out that there was a high level of dissatisfaction, particularly in the banking and health insurance sectors, with health insurance emerging as one of the biggest headache bills for families, due to a combination of rising prices and limited competition.
According to the report, despite recent price hikes in both health insurance and current accounts sectors, these are the two sectors where Irish households are least likely to switch providers.
Besides, Permanent TSB has launched a new proposal to make switching even easier for Irish consumers, including up to 500 emergency cash buffer.
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