Mystery Surrounds Thecomparisons.com

Following the recent launch of tescocompare.com it appears another car insurance comparison site could be waiting in the wings.

Thecomparisons.com has been getting mentioned more and more in the last few weeks but we still have very little idea what the site will actually do. Although you have to admit this is a very clever way of generating buzz for a site before it’s even launched.

When first appearing on the radar, thecomparisons.com featured a
rather attractive logo of the “typical family” with a tag line promising to compare prices for the entire family.

While this has since been replaced with a more mundane “coming soon” message it has done little to dispel the intrigue surrounding the site.

With car insurance being one of the most lucrative areas of price comparison it would be a good bet that a facility to compare car insurance quotes will appear somewhere; of course we could be wrong about that.

However with one popular theory being that The AA is behind this mystery a facility to compare car insurance quotes seems a logic explanation.

So we wait in anticipation to see what thecomparisons.com has to offer, will they help people find cheaper car insurance? Or will they be another poor site in an already crowded market?

I guess we’ll have to wait and see. On a lighter note if it turns out we like thecomparisons.com then we can all be friends on their myspace page.

If anyone has any knowledge of what’s going on with thecomparisons.com please share it with us in the comments.

Tescocompare.com Enters Car Insurance Comparison Market

Today sees the introduction of the latest financial comparison website to hit the UK. Tesco have launched tescocompare.com which will initially offer a car insurance comparison service before moving into other areas.

Facing fierce competition, in an already crowded market, that includes household names such as confused.com and moneysupermarket.com; Tesco, according to managing director Peter Dingle, aim to make an impact by focusing on accurate quotes and policy details:

“We have placed great emphasis on the fact that our site not only compares price but also looks at individual policy features to allow users to make sure they are getting the right policy for them. There will be no extra costs or charges when it comes to paying your insurance, the price quoted will be the same as if the customer went direct."

It is the last part “the price quoted will be the same as if the customer went direct” that is bound to stir up intrigue within the industry. One criticism of some motor insurance comparison services is that the quotes they find sometimes differ from what is offered upon application. This is because of assumptions the aggregator sites have to make and is something they continually strive to improve.

So how does tescocompare.com aim to deliver on this promise?

The tescocompare.com site has been launched in partnership with the Royal Bank of Scotland. The comparison service offered by this paring covers 25 insurance brands. They includes Churchill and Privilege; owned by RBS and Virgin Money, Lloyds TSB and Nationwide; underwritten by RBS.

By having this close control over the insurers on its panel their hope is they can provide greater accuracy. After the teething problems experienced by tescocompare.com on its debut it is hard to pass judgement on the quality of its service.

One notable absentee from the panel of compared insurers is Direct Line, one of RBS’ largest brands, who recently launched scathing attacks on the price comparison arena and appear to be sticking to their guns.

So will Tesco triumph in yet another industry? Only time will tell, they certainly have the brand power and the marketing budget but will limiting their panel to the RBS stable prove a wise move? Or will it restrict their ability to offer the cheapest car insurance quotes compared to sites such as confused who compare 95% of the market?

You decide…

Give Me Five Minutes and I’ll Give You Cheaper Car Insurance

Sounds like I’m promising the world on a stick doesn’t it? In reality I’m talking a couple of minutes to read this post and a couple more spent taking advantage of one of the easiest money saving opportunities available when it comes to car insurance.

All you have to do is SHOP AROUND! And better still you can search for car insurance quotes online almost instantly. I say almost because you will need to answer some questions but it beats answering the same questions over and over again.

Despite the ease of online comparison many people still ring round multiple insurers to find a quote or worse still accept their annual renewal which can be a big mistake. If you’ve got a classic of high performance car then fair enough you might need a specialist insurer but for the vast majority of us a price comparison of car insurance companies can be a great money saver.

Some you will have heard of, big names such as confused.com and moneysupermarket.com have been around for years. Now there is even more choice with sites such as gocompare.com and comparethemarket.com to mention but two.

A simple Google search for car insurance will open up a plethora of comparison services, some will be better than others but the four mentioned above would be a good place to start.

So how do these sites work? Simple, you fill in one form and their search multiple car insurance companies, again some are better than others but you should be looking to get between 30 and 50 quotes inside two minutes which you have to admit is one hell of a time saver.

Give it a go and see how far you can lower your motor insurance quote.