Tag: price comparison

Price comparison sites helping cash-strapped consumers

Price comparison sites helping cash-strapped consumers

With household incomes under increasing pressure from inflation and unemployment more consumers are turning to price comparison services to help them reduce their outgoings and the New Year has seen the launch of several new sites. Insurance specialist comparethemarket.com has launched a new service which allows consumers to find which credit cards and loans will [...]

January 27, 2012 | 0 Comments More
Confused.com offers £30 cashback incentive

Confused.com offers £30 cashback incentive

Confused.com has announced a new incentive to encourage consumers to switch energy providers using its price comparison service. Consumers who use the price comparison site to change providers for gas and electricity will be rewarded with up to £30 cashback. Site users will be given £15 for each fuel type they switch. Some energy providers [...]

April 16, 2010 | 0 Comments More
Savvy consumers look for best credit deals

Savvy consumers look for best credit deals

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 [...]

March 4, 2010 | 1 Comment More
Crash twice to double your car insurance premiums

Crash twice to double your car insurance premiums

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 [...]

January 28, 2010 | 0 Comments More
“Ambulance-chasers” blamed for car insurance price hike

“Ambulance-chasers” blamed for car insurance price hike

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 [...]

January 19, 2010 | 0 Comments More
It pays to be promiscuous with credit cards

It pays to be promiscuous with credit cards

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 [...]

January 15, 2010 | 0 Comments More
Insurers exploit unemployed with higher premiums

Insurers exploit unemployed with higher premiums

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 [...]

October 19, 2009 | 0 Comments More
Confused.com issues debt repayment advice

Confused.com issues debt repayment advice

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 [...]

September 9, 2009 | 0 Comments More
Direct debit cheapest for energy

Direct debit cheapest for energy

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 [...]

August 24, 2009 | 0 Comments More
Comprehensive cover cheaper than third party

Comprehensive cover cheaper than third party

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 [...]

August 20, 2009 | 0 Comments More
uSwitch.com: Don’t be lured by student account freebies

uSwitch.com: Don’t be lured by student account freebies

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 [...]

August 12, 2009 | 0 Comments More
Brits overpay £500m per year on home insurance

Brits overpay £500m per year on home insurance

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 [...]

July 9, 2009 | 0 Comments More
Brits burn £1.5bn by sticking with their energy supplier

Brits burn £1.5bn by sticking with their energy supplier

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 [...]

June 3, 2009 | 0 Comments More
Travel agents overcharge for holiday insurance

Travel agents overcharge for holiday insurance

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 [...]

May 15, 2009 | 0 Comments More
Moneynet reveals top three savings accounts

Moneynet reveals top three savings accounts

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 [...]

May 7, 2009 | 0 Comments More
Premium hikes to ‘infuriate’ motorists

Premium hikes to ‘infuriate’ motorists

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 [...]

May 1, 2009 | 0 Comments More
Younger drivers penalised due to age discrimination

Younger drivers penalised due to age discrimination

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 [...]

April 29, 2009 | 0 Comments More
Moneyfacts reveals best performing ISAs

Moneyfacts reveals best performing ISAs

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 [...]

April 27, 2009 | 0 Comments More
Widespread shock at winter energy bills

Widespread shock at winter energy bills

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 [...]

April 9, 2009 | 0 Comments More
Utility bills up 28% in 15 months

Utility bills up 28% in 15 months

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 [...]

April 2, 2009 | 0 Comments More