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The www.FedPrimeRate.com Personal Finance Blog and Magazine

Saturday, November 12, 2005

UK's Confused.com Offers Free Home Insurance Comparison Service

A new, free and highly useful service is being offered to UK residents who are looking for homeowner's insurance: an online home insurance comparison service by the folks @ Confused.com.

Details can be found below in the following clip from today's press release:

"http://www.confused.com launched the UK's first real-time, full-quote home insurance comparison service this past August. The service, which is free to use, becomes the most comprehensive way to accurately compare home contents and general buildings insurance on a like for like basis in the UK. The site brings back results from almost 70% of the home insurance market in under five minutes, and aims to increase its coverage to 90% by the end of the year.

The new service, thought to be a revelation for home owners and renters looking to cut the cost of home insurance cover, dramatically speeds up the process of finding cheap home insurance, which can take hours, if not days, to find the best rate through traditional search methods. By introducing the new service, Confused.com hopes to transform the way in which people search for home insurance, and in the process help millions of people to make major savings on their annual home insurance premiums.

Confused.com anticipates that people using its home insurance comparison service will be able to make an average combined saving on their home contents and buildings insurance of more than £120 per year, equivalent to a one third saving on typical premiums.

The launch of Confused.com's home insurance service comes in direct response to massive customer demand and support from insurers, and follows the huge success of its car insurance comparison engine, which has more than 1.5 million customers and typically saves drivers £150 a year.

www.Confused.com's Managing Director, Kate Armstrong, announced the new service saying: "Confused.com's aim is to provide a simple and compelling solution for people looking to reduce the cost of their annual home contents and buildings insurance. The service fills a gap that homeowners and renters have long wanted a solution to; a system that can find the best and most appropriate deals instantaneously – removing the tedium of searching for home insurance. With the introduction of this new service, we hope to encourage millions to search, switch and save.

Confused.com’s home insurance comparison site works by asking users to fill in just one form, which can be applied to all insurers. This removes the need for laborious form filling on site after site and generates an accurate like for like price comparison, which hitherto has not been possible."

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