One of the most effective ways to save money is to use an online cost comparison site such as Moneysupermarket.com These sites work by providing you with a list of quotes or prices based on the information you enter into them. They do not charge the user, but make their money from charging a commission on any products bought through them. They provide fast and current information in a timely manner, however, it can be daunting and also time consuming if you do not have all the information you need before you start.
So this week I want to talk about how to get the best out of a cost comparison site. You can find utilities deals, the best credit card deals, insurance quotes (home, car, travel, wedding, pet, life, dental and buildings and much more), find the best broadband deal, the best mobile phone deal for you and much much more.
Try and use the site a month before any of your renewals are sue, this will give you time to consider the offers and also read the small print and follow up any quotes on the telephone if you need to.
Have all your information to hand
If you are looking for quotes for your gas or electric, make sure you know your annual usage and have your previous bills to hand. If it is car insurance you will need to know details of any previous claims, no claims details and dates of any motoring offences.
Use more than one site
There are a number of sites avalable, so make sure you use more than one, or one that is specific to the information that you need.
Things to watch out for
If a site has teamed up with a company, this often means that they have a relationship with them and might not be independent. Also beware of hidden charges like delivery costs. You also need to make sure that you are comparing like for like a nd read the small print.