The Financial Blog

You might have seen the TV advert by now but if not Confused.com are giving users the chance to win £1 million just by getting a car or a home insurance quote. Your name will automatically be entered into a prize draw, taking place on 15th May 2008.

See the full terms and conditions here; http://www.confused.com/pages/giveaway_terms_of_trade.jsp

Since annoucing the £1 million giveaway Confused.com has seen a huge increase in car and home insurance quotes and they say it shows that consumers are becoming more sophisicated in the way they compare and purchase their insurance products. I’m thinking along the lines of; who wouldn’t want the chance to win £1 million, just for getting a quote!?

Anyway with the cost of living rising it pays to compare when making purchases like motor and home insurance, or choosing energy suppliers, even when it comes to your personal finances you can save money on interest charges by choosing the cheapest loans and lowest rate credit cards.

According to confused.com almost 50 per cent of customers now buy their insurance online and one third of those people buy their insurance through confused.com

Managing director of Confused.com, Debra Williams said: “The aim of our £1 million giveaway is to motivate people to shop around for a better deal on their insurance and these record breaking figures clearly show that it is working. Debt is at an all time high and in these times of heightened financial awareness consumers need to make insurers compete for their custom by offering the most competitive price. People could save hundreds of pounds on their car and home insurance just by shopping around for a lower quote and using a comparison site like Confused.com means that we do the hard work for them.”

Well said; don’t be fooled by short-lived, headline grabbing discounts, make sure you compare home insurance and compare car insurance every time you get your renewal quote. This is the only way you can save money on insurance.

Just remember Confused.com get all the additional customer data from all these people entering their details to get a home or car insurance quote. Your personal details, like name, address, date of birth, car and home insurance renewal dates and other peices of information will be well worth the effort of giving away £1 million.

This entry was posted on Thursday, March 27th, 2008 at 3:32 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.