The pitfalls of using comparison sites

In our digital age, we’re used to accessing everything we need in a matter of seconds, with information at our fingertips as soon as we need it. It’s little surprise, then, that every year, millions of people use price comparison websites to quickly and easily access a wide range of products, including home, travel, car and pet insurance.

However, although price comparison sites are convenient, there are a few downsides to relying on them for quotes.

The insurers and insurance products on each site differ, meaning that your options will be different on every comparison website.

Of course, you could compare the quotes from different sites, although it can be time-consuming to check prices across multiple websites.

You may also find that the insurer that you were hoping to go with doesn’t actually appear on any comparison sites, as some companies choose not to be listed.

Even some of the market-leading, most reliable insurers opt not to appear on comparison websites, meaning that you could be missing out on some great deals.

Comparison sites can also be slightly misleading because they compare on price rather than policy benefits so unless you’re taking a deeper look at each product you’re not really comparing apples with apples.

This means time-poor customers can be tricked into opting for what, at first glance, seems like a great deal when actually it doesn’t give them the cover they really need.

Ultimately, many people can fall in to the trap of opting automatically for the cheapest cover, rather than reading the small print to check how the policy compares to their current cover and if it’s suitable for their requirements.

So, to make sure you’re getting the right deal isn’t actually as quick and easy as the comparison sites make out.

Plus, the lack of personal touch means there’s no point of contact to ask questions and check your understanding, increasing the risk that you could be left with a policy that doesn’t pay out when you come to claim.

By going through a professional adviser, you can ask questions there and then, and have all of the terms and conditions explained to you.

Plus, an adviser will be able to ensure you’re getting the right product for you that meets your expectations as well as your budget.

Content provided by Paymentshield. For more information visit their website www.paymentshield.co.uk