Strange rules that can add £ 200 to your car insurance using a comparison page

One of the great selling points of using a comparison page is that you only have to enter your information once to get a variety of different quotes from a variety of different insurers to choose from.

It’s much faster and easier than going through each insurer individually – you can get all of these quotes in one place for comparison.

However, it has been found that the format of questions asked of drivers, which varies from location to location, can result in radically different and more costly offers.

Working with a panel

Price comparison sites provide quotes from a group of lenders

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A New Research From The Consumer Champion Which? examined the various ways comparison sites test drivers looking for car insurance and the impact this can have on listings.

Each comparison site has its own group of lenders. No website is complete as some insurers disagree to appear on them. With Aviva and Direct Line, for example, you have to act directly if you want their coverage.

When you agree to become a member of a site’s panel, you need to endorse the wording of the various questions for the drivers, covering topics such as job and driving history.

The problem is that this wording may be different from what the insurer uses when soliciting offers from drivers who go straight to it.

And that difference means that they make assumptions.

There is guilt, but not always a claim

You need to keep the insurers informed of the most recent incidents.  However, if they mistakenly believe that this has caused harm, it can lead to higher odds.

You need to keep the insurers informed of the most recent incidents. However, if they mistakenly believe that this has caused harm, it can lead to higher odds

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A good example of this is how comparison sites deal with declarations of recent incidents.

It is important to inform your insurer of any recent incidents that you have been involved in, but two of Which? – MonrySupermarket and Confused.com – Drivers are not allowed to disclose which, if any, resulted in an insurance claim.

Which? compared prices for a 35-year-old driver to a South London-based Honda Jazz who recently damaged his car but failed to claim repair costs and paid for them himself.

Two of the insurers featured in the top 10 best deals on these comparison sites – Hastings Direct and Churchill – incorrectly assumed that the driver actually made a claim and included that in the offer they made.

After the correction, Churchill cut its offer by a massive £ 207 – more than a quarter of the original price – while Hastings cut its offer by £ 10.

In both cases, if the driver had gone straight to the insurer for an offer, they would have had the opportunity to make it clear from the start that they had not made a claim and would therefore have received the lower offer.

Using a price comparison site that previously didn’t help them save money may have resulted in a more expensive bill.

Cut out assumptions

You may need to call the insurer to correct any incorrect assumptions.

You may need to call the insurer to correct any incorrect assumptions

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The important point here is that when you use a price comparison site, the offers that are delivered are not only based on your answers to these initial questions, but also on certain assumptions.

Before signing up for a business, it is a good idea to take a close look at what assumptions are being made and correct them if they are incorrect.

Both Churchill and Hastings stressed that this was an option. A Churchill spokesperson said, “If you shop through a price comparison website and are unsure of the details to provide, you can still call your preferred company to provide further details if you think it will affect yours Could have premium. “

In the meantime, Confused.com has announced that it will be working on improving the claims-related portion of its listing process. MoneySuperMarket said that while it works with insurers to make sure it is asking the right questions, it has no control over how they interpret the data or what assumptions are made.

The surprising factors influencing your offering

Marriage separation could affect your finances in a number of ways, including higher car insurance premiums.

Marriage separation could affect your finances in a number of ways, including higher car insurance premiums

Car Insurance: What You Need To Know

Which? wants insurers to be more transparent about what exactly is driving the offers we are receiving.

It is not just a question of whether incidents resulted in damage, but significant changes in the prices quoted were found based on “apparently irrelevant customer information” in the investigation.

For example, offers for drivers who are more likely to be homeowners than renters have become 4% cheaper and for divorced and unmarried people 4% more expensive.

Your job description also plays a role. Which? found that describing his imaginary driver as a painter working in art resulted in rewards starting at £ 372. But change this profession to just being an artist and the cheapest quote fell to £ 343.

The next time you look for car insurance on a comparison site, consider how optimizing your job can affect the offers.

Of course, it still has to be an accurate description of your job – using an inaccurate job title to get cheaper coverage is fraud and can result in policy being canceled.

It’s also worth using a few different comparison sites and getting quotes from insurers that don’t appear on them for a full picture the next time you shop.

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