Interesting Research By CMA About Digital Comparison Tools

If you are looking for car insurance for the first time or your policy is coming up for renewal then there are a variety of places that you can arrange such important cover through. For instance, you could use the likes of a high street insurance broker, your bank, the Post Office or the Internet.

A number of price comparison websites enable you to obtain one or more car insurance quotes.

You may be interested to read that the Competition and Markets Authority (CMA) has done and continues to do some research about digital comparison tools i.e. price comparison websites on the Internet.

Price comparison websites have grown in numbers over the years enabling consumers to obtain quotes for a variety of products and get policy details on the likes of car insurance and other types of insurance from a range of providers. The study reveals that, generally speaking, people that utilize such websites are of the opinion that they can help save some money and consider their options more easily.

You may be interested to read that, in the last 12 months, 84% of motorists who were looking to arrange car insurance utilized a price comparison website. We are sure that you will agree this is a high percentage. The survey also revealed that 64% of people who used such a website to get information and prices on motor insurance, energy and broadband actually went onto in excess of one site. You may or may not be aware that not all motor insurance providers use a price comparison website to sell their car insurance. Well, 11% of those taking part in the survey were of the opinion that such websites included all providers of the likes of car insurance, broadband and energy.

The initial opinion of the CMA about such websites was a favourable one although there is room for improvement. The CMA is continuing with the study and, on the 28th September 2017, is to make available its last report on the subject.