Advantages and disadvantages to insurance companies choosing to be on price comparison websites?

Question

In a particular country, price comparison websites have just arrived to compare insurance products. Companies are not obliged to have their prices quoted on a price comparison website but if they do a commission is paid on any sales through the website. For motor insurance there are a number of companies supplying insurance. Of these insurance companies, company A has chosen not to be on comparison websites but company B has decided to be on the websites. Explain possible reasons for these companies’ decisions.

Answer 1

One of the major problems with these websites, is the "ulterior motive". MOST of the time, these websites are actually in the business of harvesting the personal information of the people that go to them, to sell as leads.



Other times, they actually give FALSE rates, to steer a person to a particular insurance company that's paying them extra, to do so.



Rarely, are these types of quotes UNDERWRITTEN, meaning, when someone goes to BUY the insurance, the quote changes.

Answer 2

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RE Advantages and disadvantages to insurance companies choosing to be on price comparison websites?



In a particular country, price comparison websites have just arrived to compare insurance products. Companies are not obliged to have their prices quoted on a price comparison website but if they do a commission is paid on any sales through the website. For motor insurance there are a number of companies supplying insurance. Of these insurance companies, company A has chosen not to be on comparison websites but company B has decided to be on the websites. Explain possible reasons for these companies’ decisions.

Answer 3

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RE :Advantages and disadvantages to insurance companies choosing to be on price comparison websites?

In a particular country, price comparison websites have just arrived to compare insurance products. Companies are not obliged to have their prices quoted on a price comparison website but if they do a commission is paid on any sales through the website. For motor insurance there are a number of companies supplying insurance. Of these insurance companies, company A has chosen not to be on comparison websites but company B has decided to be on the websites. Explain possible reasons for these companies’ decisions.

Follow 4 answers

Answer 4

One possible reason that they feel sorry for the price comparison websites because they read the answers on Yahoo! Answers and see how frequently user MBR unfairly maligns the price comparison sites. Insurance companies usually do not make business decisions out of sympathy, so this is not a very likely reason.



More likely reasons include



a) not wanting to pay the commissions

b) wanting the business the customers who will only buy insurance from companies that they find on the sites.

Answer 5

Amica won't be on there. They got here in form one yet at first they are greater, then when you substitute into conventional with them they are decrease with the perfect customer help. State Farm is often maximum inexpensive via fact the only insure sturdy drivers.

Answer 6

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