Moneyexpert.Com Turns Up The Heat In Cashback War

• Drivers who do nothing are risking premium hikes of up to £140

Drivers who stick with their car insurer are risking average premium rises of as much as £140 a year as the industry bids to boost profits, MoneyExpert.com warns.

Analysts predict car insurance premiums could rise by as much as 20 per cent this year – and MoneyExpert.com is helping drivers fight back by nearly doubling the cashback on offer for motorists using its insurance service.

Average fully comprehensive premiums for drivers who don’t shop around are around £700 and could soar to as much as £840, the independent price comparison says.

However MoneyExpert.com is urging drivers to shop around and is putting its money where its mouth is by increasing its cashback offer from £20 to £35 per policy.

Its unique service enables people who apply for car insurance to see a table of quotes as normal – and a new column that includes prices with the £35 cashback incorporated.

MoneyExpert.com will also refund [110%] of the difference if customers find a cheaper total price for their car insurance elsewhere.

And because its groundbreaking comparison system is linked directly into all the main insurers, the quote you see will be the price you pay, guaranteed. The cashback is easy to redeem, with MoneyExpert.com promising to credit the money directly into your bank account within 60 days of the cashback application being made.

Sean Gardner, director of MoneyExpert.com, said: “Doing nothing when your car insurance renewal comes up will cost you this year as premiums rise.

“We’re all feeling the pinch so an extra £35 saving on top of the hundreds of pounds you can save by using a comparison website will make a real difference.

“Unlike our competitors we’re give £35 across all our quotes so we don’t mind where you find the right policy for you – just as long as you apply for it on our website we’ll send you £35.”

MoneyExpert.com says customers are finding it difficult to differentiate between comparison websites and often there is very little to choose between the cheapest deals on different websites.

Sean Gardner added: “The reason why we can offer this saving is because we are sharing our commission with our customers.

MoneyExpert.com offers a unique service which enables people to find the financial products which best meet their specific needs, and which they are more likely to be successful in being accepted for. It includes exclusive research conducted by MORI, which reveals providers’ service levels. This information is married up with a financial database which lists the products suited to the customer. For the first time, people can review a product’s price, features and also the level of service offered by the provider to enable them to make a more informed choice.

MoneyExpert.com aims to demystify the complex world of personal finance, and to help inform customers of the choices available. The service can be found at www.moneyexpert.com