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Car insurance buyers were warned that “all suppliers” will publish their agreements on value comparison sites, which can cause drivers to run out of savings. They warn that some of the largest insurance providers will be indexed on the sites, but may still be offering attractive offerings.
If agreements are not fully studied before they are signed, drivers may lack policies that adapt to them in a hard blow.
Freddy Macnamara, Cuvva’s insurance specialist spokesperson, said it’s “important” that drivers don’t “go directly to comparison sites” when looking for a policy.
Mr Macnamara said: “It is vital not to go directly to comparison sites when you need to renew your policy or need to change, because not all providers are there.
“They will be the leading insurers in position at comparison sites.
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“But you can find attractive donations if you spend some time doing your own studies and finding a policy that’s right for you. “
Money Super Market also warned that comparison sites “don’t capture” the entire market.
In fact, some giant corporations offer their products only directly on their official Internet sites and channels than through a third party.
Large corporations like Direct Line and Aviva are not indexed on popular comparison sites, however, they have offers that motorists can take advantage of.
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This can come with anything from reduced bonuses to additional incentives, such as gift cards and coupons, to convince drivers to come together.
Some of Admiral’s agreements are also not available on auto insurance comparison sites despite the inclusion of a variety of multi-car policies.
Recent research through GlobalData revealed that value comparison sites can charge up to 360 euros more than going to insurers.
The company’s research revealed that costs can be up to 84% higher on some policies with costs over 350 euros more.
The investigation revealed that a leading insurer’s policy indexed only 248. 64 euros consistent with the year.
However, the same policy in a value comparison amounted to more than 614 euros, a large accumulation of 366 euros.
Yasha Kuruvilla, GlobalData’s insurance analyst, warned that consumers would “not necessarily get the most productive price” when comparing sites.
She said: “PCW (price comparison sites) are more popular among drivers under the age of 45, while older drivers prefer to buy from a supplier.
“The graph also shows that young drivers face much higher premiums than older drivers, which is the main thing driving them towards PCW.
“This shows that consumers don’t necessarily get the most productive value when they shop at PCW. “
The accumulated value can be just an additional payment that insurers will have to pay to file their agreements on value comparison sites.
The Telegraph recently revealed that drivers may be forced to pay another 160 euros if they shop on a value comparison site.
However, Money Super Market stated that this is not true, as insurers only have to pay a payment to the site if they insure a visitor on a policy.
One spokesman told Express. co. uk: “Insurance companies will have to invest to attract their consumers through advertising or other marketing means, or a worthwhile comparison site.
“Price comparison is successful because a payment is paid if the insurer wins a customer.
“It’s not an additional charge for an insurer, it’s a component of the marketing budget that would be spent anyway. “