One in 10 consumers trust insurance providers

Price determined as key loyalty factor

Hemma Visavadia
clock • 2 min read

Consumers have low levels of loyalty and trust for insurance providers, with pricing becoming a key factor during the cost of living crisis, according to research from Ello Group.

A survey of 1,000 consumers showed only 13% of consumers trust their current preferred life, health, care or home insurance provider. The research found that 8% of respondents have been loyal to their insurer for more than three years, while 42% of those surveyed have looked elsewhere for life and health insurance. When asked what would improve trust in insurers, one in five (17%) respondents said absorbing some of the financial burdens caused by the cost of living crisis would help. Meanwhile, 16% of surveyed consumers said it would be helpful for providers to offer discounts at r...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Guardian IP added to UnderwriteMe platform

Guardian IP added to UnderwriteMe platform

Seventh insurer offering buy-now for IP on the platform

Jaskeet Briah
clock 05 March 2026 • 1 min read
British Friendly pays out £4.9m in 2025

British Friendly pays out £4.9m in 2025

88.61% of claims paid

Jaskeet Briah
clock 05 March 2026 • 1 min read
Aviva protection sales down 8% in 2025

Aviva protection sales down 8% in 2025

Health business sales up 4%

Cameron Roberts
clock 05 March 2026 • 1 min read