📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Concerns about Compare the Market substantially cheaper than going direct to insurer

Options
2»

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture 1,000 Posts Name Dropper
    edited 1 October 2021 at 12:07PM


























































































































































































































































































    delete 123
  • yksi
    yksi Posts: 1,025 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    edited 10 June 2021 at 11:31PM
    Remember, they are lowering their intro price to lure you in, and hoping you'll stay more than a year, so they can jack up the price later. On price comparison sites, that competition is fuelled and this forces the offers down. They're trying to make that illegal, but it hasn't happened yet to my knowledge - so this could be part of it too, and you'll know it's a thing so you'll make sure to check next year before renewal.
  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    yksi said:
    They're trying to make that illegal, but it hasn't happened yet to my knowledge
    No trying about it, you just have to give the industry time to adapt to new regulations (and the regulators time to think of the answers to outlaying scenarios they haven't considered yet). The new regs come in early 2022 based on the date of renewal quote, not renewal date.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.