Experts say car insurance comparison sites have downsides

While many consumers find car insurance comparison websites can be an invaluable resource when it comes to finding discount car insurance, some experts have said that there may be some downsides as well.

With car insurance companies constantly increasing their premium prices, the ability to reduce your car insurance rates is nothing to sneeze at in the current day and age.  This has led to more people turning to the comparison sites as a way to control costs, and for a large number of consumers, this is a winning strategy.

In fact, some research has shown that using a comparison site to shop around when it comes time to renew your annual insurance can lead to around £350 in savings for the average customer.  However, there are some downsides to car insurance comparison sites that may mean consumers need to take a few extra steps.

Some insurers don’t partner with comparison sites but instead choose to go it alone, offering either insurance directly from over the phone or their own website, or exclusively through brokers.  This means that in order to get a full comparison, the average motorist needs to do more work by looking up rate quotes from more than one source.

Another issue is that many consumers will only look at the bottom line.  While choosing the least expensive insurance policy may seem like a good idea, experts urge motorists to ensure they’re purchasing the right level of cover for them, since saving money up front only to have to pay out of pocket if you get into a situation not covered your cut-rate insurance is the worst kind of false economy.

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