What does Gocompare.com do?
Gocompare.com is an online insurance comparison website. The company launched in November 2006 with our car insurance comparison service and this was shortly followed by breakdown cover in January 2007, motorbike insurance in February 2007, van insurance in May 2007 and home insurance in September 2007.
When Gocompare.com launched in 2006, it fundamentally changed how comparison sites work, by introducing the ability to compare what the consumer is looking for, not just by the cheapest quote.
Which products do you currently have in your portfolio?
Car insurance, home insurance, motorbike insurance, van insurance, travel insurance, pet insurance, caravan insurance, life insurance, loans, mortgages, credit cards, savings and current accounts, flights, holidays, hotels, car hire, car warranty, new cars, gas and electricity, mobile phones, home phones, broadband, business insurance, health insurance and breakdown cover.
Are your prices the same as if you went directly to the insurer?
Yes. Our panel of preferred insurance companies provide the same quote through us that consumers would receive should they go to the insurance company direct.
How does Gocompare.com make money?
Each insurance company pays us a fixed introductory fee per sale.
What makes Gocompare.com different from the other comparison websites?
- Knowledge of the insurance industry – Gocompare.com has been set up by a team of insurance experts who have extensive knowledge of the insurance industry, and as such, we have created a comparison service which meets the needs of both the customer and the insurer. We realise that the cheapest quote isn’t the same as the best value quote – our focus is on offering the customer the best value, which means providing them with quotes for policies that match their requirements and give them all that they need from their insurance policy.Gocompare.com was the first to give product and price information equal prominence for customers so that they could make more informed decisions and see easily which product features they were getting for the price shown.
- The right insurance, at the right price – We aim to offer every customer the best value deal, according to their requirements. That’s why we compare on a like for like basis, to make the choice as simple and straightforward as possible.
Why is there such a difference in prices between insurance companies?
Not every insurance company quotes competitively for every type of risk. Some companies will focus on experienced drivers with a claims history while others focus on experienced drivers with a low risk vehicle and full no claims bonus. Although the insurance market is hugely competitive it makes more sense for insurers to attempt to corner a section of the market than compete with everyone on every risk. This is why it’s so important for consumers to shop around for their insurance policy.