Broker or Comparison site for Insurance?

cepheus

On Watchdog the other day they had an 'independent insurance expert' which claimed it's better to use a broker rather than comparison site when choosing insurance. He was referring to quality and like for like insurance as well as cheapness, since brokers supposedly can provide the cheapest insurer for your requirements. I think the issue of raised insurance premiums for irrelevant events, was under scrutiny, such as an accident which was no fault of your own, or even a non-claim enquiry.

What are your experiences? Is he correct?

dunstonh

On fee basis, an IFA would be cheaper than a comparison site but then you would pay the fee.

mrsammyp

For most a comparison site will always be the cheapest, these premiums have been heavily discounted in order to win and build a book of business.

Certain factors may mean a broker is best, I.e. Imported vehicle, modifications, no claims letter from a company car etc

rudekid48

mrsammyp wrote: »

For most a comparison site will always be the cheapest, these premiums have been heavily discounted in order to win and build a book of business.

Certain factors may mean a broker is best, I.e. Imported vehicle, modifications, no claims bonus from a company car, foreign no claims bonus etc.

These discounts are often at the expense of quality/amount of cover.

If cheapest possible is what drives you then you're right but if quality is important then a Broker can add more value.