Car insurance- cash back

bobbydavro

Hi there MS Experts,

quick question: I have my insurance renewal coming up the beginning of January 2013. I am currently paying £600 which accounts for a CU80 from October 2010. I also have 5 years NCB.

I have just done a quote on Gocompare and got the insurance down to £500, which I may be able to reduce by another £100?? if I put my mother and partner on the insurance also.

The question I would like to know is how do I use a cashback site to pay for the insurance quote and thus reduce my premium even further.

I am sure I saw a MSE video where the chap was being paid £20? to take out his car insurance policy :j and it seems ML :money:is also banging on about cashback sites. But how does one exactly do it? Is it any good? Can anyone recommend any good, reputable sites?

Thanks for taking the time to read and respond.

Good weekend to all

Regards

Bobby

balletshoes

cashback is easy once you've registered with the sites - i'm on quidco and topcashback.

You just log in to either of your cashback sites once you're registered with them, put in "car insurance" to search for, and the cashback site will tell you which insurance companies it currently has cashback deals with. You use the cashback site to click to the link to the insurance company you want your quote from, and if you buy it through that link, the cashback automatically is processed by the cashback site.

Give it a go - its quite straightforward once you get the hang of checking cashback for every online purchase you make .

bobbydavro

hi Balletshoes,

thanks for your detailed response.

I suppose where my worry lies is that all the deals on the cashback sites seem fairly generic and generalised. I am thinking could it not in circumstances be cheaper to ring the supplier directly and haggled the price rather than taking on a gerneric price through the cashbacksite?

Is it possible that the supplier can make me a tailor made price which I can then purchase through the cashback site to make double savings?

Hope this makes sense?

Regards

BD

InsideInsurance

In theory it would be possible but I doubt you will find a provider that does.

Cashback is actually affiliate marketing money that is normally retained by the website marketing the product (like this site for example) however in cashback sites they give you (most) the money that you generate for them.

The terms of the affiliate agreement between the vendor and the marketer will define in what circumstances it is payable and it is fairly common for them to stipulate that it only applies to online transactions that are straight through (ie no human intervention from the merchant)

Always remember that cashback is a bonus and never guaranteed. Also some prices & products are unique to aggregators and so you may not be able to get the same price by going via a cashback site -v- the aggregators