Specialist insurers not always cheapest, says moneysupermarket.com

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Specialist insurers not always cheapest, says moneysupermarket.com

Wed 16th Sep 2009

Specialist insurers who market themselves at a specific type of driver are not always the cheapest, according to moneysupermarket.com.

Steve Sweeney, head of motor insurance at the comparison site, pointed out that there are a lot of people using specialist insurers because they believe they will always be able to offer them a lower quote.

He noted that this is true for some drivers but not everybody, so people should shop around for the best deal.

"I would advise anyone unsure about whether to go down the specialist insurer route or stick to more traditional providers to weigh up all their options," he added.

Mr Sweeney also noted that often specialist insurers will offer worthwhile extra benefits such as handbag cover on women-only policies, but in general it will not pay to stay with your existing insurer.

Last week, moneysupermarket.com announced that it will be showing the total excess payable on policies when people compare quotes on its website.

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