How does Compare the Market help you find cheap insurance rates?


Quick Answer

Compare the Market helps individuals find the most affordable insurance rates possible on its website, Comparethemarket.com, by searching databases and comparing how much different companies charge for insurance coverage. As of 2015, users can search and compare rates for various kinds of insurance policies, such as car, home, life, health and business insurance, according to ComparetheMarket.com.

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Full Answer

Compare the Market states that it makes its money when it assists a customer in purchasing something at a deal. An example on ComparetheMarket.com reveals that the company makes money each time a customer purchases a new electricity or gas tariff through Compare the Market. It is in Compare the Market's best interest to provide the best possible prices to its customers.

Compare the Market offers prices from over 190 different insurance providers to make comparing the full range of prices as easy as possible, explains the company. It discourages customers from purchasing their policies directly from an insurance company, stating that over 87 percent of the time, Compare the Market's prices are cheaper than or equal to the prices offered by the insurance companies directly to customers.

Customers need only to sign up for an account on ComparetheMarket.com in order to begin comparing insurance rates, states the company. Signing up for an account is free.

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