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Home »» Financial news »» Non-smokers can save half on insurance

Non-smokers can save half on insurance

13 March 2008

A hip pocket motivation to quit smoking has emerged with news today that non-smokers can save up to 50 per cent on their premiums compared to non-smokers.

Norwich Union said that with the 12 month anniversary of the ban on smoking coming up, it is likely that those who kicked the habit will approach their insurers for a better deal.

Spokesperson for Norwich, Sarah Horner, said: "A non-smoker can pay around half the premium as their smoker counterpart."

Ms Horner said that Norwich declares someone a non-smoker after they have been free of the habit for a period of more than 12 months, and that financial factors alone may not be enough motivation to quit.

"As any smoker or ex-smoker will know, giving up smoking can be an extremely hard thing to do, so it's perhaps unlikely life insurance savings will be the only reason to quit, but they can certainly be an added incentive," she said.

Benenden Healthcare recently reported that some 1.64 million Britons had given up cigarettes since the ban in July 2007, representing a total of 14 per cent of the whole UK smoking population.

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