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Tips for using price comparison sites

Tips for using price comparison sites
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If you’re looking to save some money on your monthly bills, then changing utility, credit card or insurance supplier is a good place to start. There are a number of price comparison sites that can help you quickly research the market and find the cheapest deal. They do offer many advantages, but there are also problems associated with these sites, especially when it comes to comparing insurance deals. Here are our top tips for using price comparison sites correctly and find the best deal for you.

Use more than one site

One of the downsides of these sites is that they don’t cover all of the market, so you won’t be able to see every supplier in one place. You need to use two or three of them before making a decision, as a different one might have a better deal. There are also some companies that don’t feature on any of the price comparison services, including major names like Aviva and Direct Line. If you want to include these suppliers in your research, you will need to get individual quotes from them.

Check what the quote is for

In order to speed up the process, these sites will often assume certain elements about your life and requirements. These don’t always apply to you and could mean you run into trouble in the future. For example, if there are inaccuracies in a quote for insurance, including annual mileage, the policy might be invalid when you make a claim. If you have slightly different circumstances, such as living in a specialist house or in a flood region, it’s vital that these are accounted for in any quote. It doesn’t take long to double check exactly what the quote includes before you buy a policy and it could save you money in the long term.

Tips for using price comparison sites

Check or uncheck the boxes

As another way of reducing the time it takes to get a quote, some of the boxes may have been pre-checked. It’s crucial that you see what these relate to and uncheck them if necessary. They often relate to elements that apply to the majority of applicants, such as having no criminal convictions when applying for insurance. However, an error here could result in non-payment of a claim. If you don’t pay attention it could also mean you pay for unnecessary extras, including legal and breakdown cover.

Don’t just look at the cost

Cost is always a major driver for many consumers, but it shouldn’t be the sole basis for any decision. It’s important to look at the actual policy as well and the standard of cover you’ll receive. It’s not cost effective to choose the cheapest policy, only to find out it doesn’t provide the cover you require when you come to put in a claim. Some elements, such as a replacement car if you’re involved in an accident, are not available with the low price deals. However, it doesn’t cost a significant amount more to choose a policy where they are included. You should always assess the quality of the policy and go for the best you can afford.

Price comparison sites are designed to make our lives easier. However, you need to use them in the right way to ensure you’re making the most of the service and end up with the right deal.

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About Catherine Stern

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About Catherine Stern

Catherine Stern is a freelance writer with a background in marketing and PR. She currently writes web content on a range of subjects, from finance and business to travel and home improvements. As a working single mum of two young boys she understands the pressures that today’s working parents face and the topics they want to read about.

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