Product category:
General insurance
News Release from: uSwitch | Subject: Insurance
Edited by the Insidemoneytalk Editorial
Team on 06 March 2007
uSwitch.com launches car insurance price
comparison and switching service
uSwitch.com, the impartial price comparison and switching website, has extended its range of personal finance channels for consumers with the launch of car insurance.
Launched in 2000, uSwitch.com now helps consumers compare prices on a range of services including gas, electricity, home phone, broadband providers and personal finance products, including credit cards, personal loans, current accounts, and now car insurance The car insurance market can be a complex place with more than 25,000,0001 private cars in the UK all looking for competitive insurance policies
This article was originally published on Insidemoneytalk on 20 Mar 2007 at 8.00am (UK)
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Analysis shows that the internet is fast-becoming a major route for the purchase of car insurance with more people than ever using the internet every month to research motor cover.
More interestingly, almost three out of four people (72%)2 choose their car insurance policy based purely on price, compared to just one in ten2 because they held a previous policy with the insurer.
Aron Thompson, Head of Insurance at independent online price and switching comparison website, uSwitch.com, said: "The personal finance channel has been a huge success for uSwitch.com since it launched in 2004 and motor insurance, as the largest general insurance product in the UK, was the natural next step for the progression of the service.
Further reading
uSwitch.com looks at Warwick University's research on the pros of the electricity switching market.
Geoff Slaughter, Energy Product Manager at uSwitch.com says:
7.8 million British households have joined the battle to cut carbon emissions...
...but lack of information and incentives could be stopping 18.21 million more from joining them
With more than 80 active insurers3 operating in this market, coupled with the many key developments including initiatives such as pay-as-you-drive for younger drivers, the market can be extremely overwhelming for consumers." By asking consumers at the outset for a comprehensive set of data on themselves and their vehicle, uSwitch.com's car insurance comparison and switching channel will offer one of the most accurate set of results available.andnbsp; Consumers can click through and buy from any of the insurers listed on the results table.
Premiums will be displayed by annual and monthly cost.
The aim of the channel is to have a broad mix of direct insurers, brokers and niche players to offer consumers a well-rounded share of the market.
Aron Thompson continued: "For consumers, price is still the driving factor when it comes to car insurance.
While consumers should get the best price for their policy, in this market, it can be the case that you get what you pay for, and level and quality of cover is often reflected in the cost.
Our aim is to help consumers easily navigate and better understand the market by providing an overview of the products best suited to them." uSwitch.com is an impartial and authoritative voice in the motor insurance arena and is the best place for consumers to find the motor insurance policy for their needs.
The switching service enables consumers to switch motor insurance providers simply and easily.
For more information visit www.uswitch.com or call 0800 093 06 07.
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