Are car insurance comparison Websites any good?

According to UK watcdog consumer associations, price comparison websites are failing to provide the cheapest  quotes for car insurance and car loans in the UK.

Major comparison website that offer search facilities for car insurance and car loans are not all equal with search criteria varying significantly from car comparison website to website.

The similar website services such as comparethemarket.com, confuse.com, tescocompare.com or moneysupermarket.com will give very different resultsfor similar search queries for car insurance, car loans and other financial services.

When taking the largest car loans and car insurance comparison engines we can see find the following differences:

A search on moneysupermarket.com for the car loans with the lowest standard rate of interest came up with one at 6.8%. Yet on gocompare.com the best figure given was12.9%.

The magazine found that the price of basic car insurance varied by as much as £120. Gocompare.com gave a figure of £251 for one search while confused.com offered £371.

On identical policy comparisons for car insurance the magazine found that costs of loans varied greatly from £300 on gocompare.com, £232 on moneysupermarket.com and £253 on confused.com.

Which? said that consumers would do better to visit all three sites, providing they could cope with the extra information.

On explanation for the difference in results for both car insurance quotes and car loans comes from the diversity of customer information that is required by the comparison search websites. Because the questions tick a variety of different boxes, the returned quotes can vary significantly from car loan comparison website to website.

It can be very confusing to compare all three major websites such as gocompare.com, moneysupermarket.com and confused.com fro the same financial products and car insurance.

Customers also need to remember that the cheapest car policy or the cheapest, lowest interest rate for car loans does not mean that they are getting the better deal, the lowest price but especially the best policy adapated to their needs.

Al the more certain insurance and loan companies refuse to be included in the index of car comparison websites such as Directline.com who pride themselves as only operating direct.