News Tag: price comparison
March 4, 2010
Consumers are increasingly taking the time to search out the best deals on personal loans and credit cards.
Financial advice site Moneyfacts said since the onset of the credit crunch, Brits who need to borrow money are shopping around for the lowest interest rates.
Darren Cook, Moneyfacts spokesperson, said: "The Bank base rate being maintained at a historical low for 12 months ...
Savvy consumers look for best credit deals
by David Masters
January 28, 2010
If you're unlucky enough to crash your car twice this winter you could find yourself paying double for car insurance, according to Confused.com.
Some insurers researched by the price comparison site more than trebled the cost of insurance premiums after two accidents.
Confused.com said drivers should take extra care at the moment because icy winter roads increase the likelihood of accidents.
"We're ...
Crash twice to double your car insurance premiums
by David Masters
January 19, 2010
Car insurance premiums are set to rise dramatically in 2010, Confused.com said this week. The price comparison site made the comment after Zurich announced a 20% hike to the cost of car insurance. "Zurich's announcement has not come as a surprise," said Will Thomas, Confused.com head of car insurance. "It is anticipated others will follow suit, the only question is who will be next?" Confused.com blamed the price rise on "a new breed ...
“Ambulance-chasers” blamed for car insurance price hike
by David MastersCar insurance premiums are set to rise dramatically in 2010, Confused.com said this week. The price comparison site made the comment after Zurich announced a 20% hike to the cost of car insurance. "Zurich's announcement has not come as a surprise," said Will Thomas, Confused.com head of car insurance. "It is anticipated others will follow suit, the only question is who will be next?" Confused.com blamed the price rise on "a new breed ...
January 15, 2010
Consumers should forget about being loyal to their credit card provider because those who shop around will save money, a financial expert has claimed.
"If you have a good credit rating you're much better off not being loyal to anyone, because of all the introductory offers around," said David Black of Defaqto.
Customers who frequently switch providers get the best rewards, ...
It pays to be promiscuous with credit cards
by David Masters
October 19, 2009
Householders who are made redundant could be hit with a further blow of increased home insurance premiums, new research has found.
A study by Confused.com found homeowners could face higher insurance premiums if they are unemployed.
The price comparison site said this is because insurance firms factor in the likelihood of customers defaulting on payments when they calculate premiums.
Insurance firms also raise premiums ...
Insurers exploit unemployed with higher premiums
by David Masters
September 9, 2009
Credit card holders can make "staggering" savings by paying off more than the minimum repayment each month, Confused.com claimed this week.
A credit card debt of £5,000 could take up to 36 years to pay off for consumers paying the minimum repayment, the price comparison site said.
Paying back an extra £10 per month would reduce this to 16 years, and £50 per ...
Confused.com issues debt repayment advice
by David Masters
August 24, 2009
Householders have been advised that paying for energy bills by direct debit is the cheapest option.
Price comparison site uSwitch.com issued the advice after it discovered a 7.3% drop in the number of people choosing to pay by direct debit.
The number of customers signing up for fixed monthly direct debit payments when changing their supplier at uSwitch.com has dropped to 85.3%, down from ...
Direct debit cheapest for energy
by David Masters
August 20, 2009
Fully comprehensive motor insurance is cheaper on average for young drivers than third party cover, according to moneysupermarket.com.
Research by the price comparison website found third party-only cover for an average driver under 21 costs £1,434 per year.
This is compared to third party, fire, and theft at an average of £1,118 and fully comprehensive cover at £955.
Moneysupermarket.com said the findings "shatter several ...
Comprehensive cover cheaper than third party
by David Masters
August 12, 2009
Price comparison site uSwitch.com has done its homework on student accounts, and found that choosing the wrong account could cost students up to £75 per year.
Totted up for all students, that's equivalent to potential unnecessary interest payments of £30 million.
Banks that offer freebies - such as railcards, YHA membership, or commission free currency - often charge interest on student ...
uSwitch.com: Don’t be lured by student account freebies
by David Masters
July 9, 2009
Brits are wasting more than £500 million a year by failing to shop around for the best deal on their home insurance.
Research by Your Money, in conjunction with Confused.com, found that homeowners are spending an annual £508 million more than they need to on home insurance - equivalent to £180 per household.
A second survey by Mintel found that ...
Brits overpay £500m per year on home insurance
by David Masters
June 3, 2009
British householders are wasting over £1.5 billion every year on energy bills by not shopping around for the cheapest supplier.
Research by uSwitch.com found that customers on standard energy plans pay £185 per year on average than those who have an internet-based energy account.
Despite this, only 5% of households currently use an online energy plan.
The study also found that ...
Brits burn £1.5bn by sticking with their energy supplier
by David Masters
May 15, 2009
Brits taking a well-earned break abroad are paying up to six times the going rate for travel insurance.
Research by price comparison site Confused.com found that insurance bought in a travel agent can cost nearly 500% more than the best value policy.
For example, the cheapest cover for a single adult spending a week in Europe is £9.17.
Thomas Cook, by comparison, charges £16.99, ...
Travel agents overcharge for holiday insurance
by David Masters
May 7, 2009
Moneynet.co.uk has released its list of the top three savings accounts available to UK savers.
The price comparison site said Barclays is best for regular savings, West Bromwich Building Society offers the top rate for fixed-rate accounts, and Barclays comes top for individual savings accounts.
Barclays Monthly Saver pays a 'cracking' 6% AER fixed for one year.
Deposits are limited to £250 per month, ...
Moneynet reveals top three savings accounts
by David Masters
May 1, 2009
Premium hikes on car insurance will leave motorists 'infuriated', a price comparison site claimed this week.
Gocompare.com said insurers are raising premiums by record amounts due to soaring claims costs and increased insurance fraud.
Hayley Parsons, Gocompare.com chief executive, said: "These increases are likely to infuriate drivers when they are passed on via their renewal quote."
She added: "Those drivers who simply accept their renewal ...
Premium hikes to ‘infuriate’ motorists
by David Masters
April 29, 2009
Motor insurance firms are guilty of age discrimination, according to new research by Moneysupermarket.com.
The price comparison site found that an average 17-year-old male will pay over £3,000 for a motor insurance policy - twice as much as an 18-year-old male driver.
Young women drivers are subject to the same discrimination, with a 17-year-old female paying 130% more than an 18-year-old female.
Steve ...
Younger drivers penalised due to age discrimination
by David Masters
April 27, 2009
Moneyfacts.co.uk has revealed the top performing cash ISAs during 2008-09.
"Unsurprisingly it was fixed rate cash ISAs that yielded some of the top returns," said Michelle Slade, Moneyfacts.co.uk analyst.
Alliance and Leicester's (A&L) Premier ISA took first place, adding £327.37 to a £3,600 investment made on 6 April 2008.
However, to qualify for the Premier ISA, customers had to be a new or existing A&L ...
Moneyfacts reveals best performing ISAs
by David Masters
April 9, 2009
Two in five UK consumers were 'shocked' at the price of their energy bill this winter, whilst a tenth of consumers cannot afford to pay it, new research by moneysupermarket.com has revealed.
The coldest winter in a decade, coupled with soaring energy prices, left many householder a gasp when they opened their heating bill.
A feeling of 'shock' came over 42% of Brits ...
Widespread shock at winter energy bills
by David Masters
April 2, 2009
Households are now paying £353 more per year for gas, electricity, and water compared to the beginning of 2008, research by uSwitch.com has revealed.
The price comparison site found that households are now paying an average of £1,595 per year for water, heating, and light, 28% more than the £1,242 per year at the start of last year.
The news comes as ...
Utility bills up 28% in 15 months
by David Masters
March 18, 2009
The interest paid on fixed-rate bonds is improving, according to new research by Moneysupermarket.com.
The price comparison site found that the top five fixed-rate bond products pay an average interest rate of 3.89%, despite the Bank of England's 0.5% base rate.
In the past 12 months, the margin between the base rate and the best bond rates has been this high only once before, in ...
Moneysupermarket.com: Fixed-rate bonds improving
by David Masters
Esure’s tips for cheaper car insurance
by David Masters
