I just wanted to share my experiences regarding cashback sites and breakdown cover/car insurance quotes. Have the insurance companies now realised that people are using cashback sites regularly to try and get a ‘cheaper’ deal?
In July/August I was looking for breakdown cover and as usual looked through the most well known cashback sites. I collected a number of quotes and compared the prices.
I was then intrigued to find out just how much I was (possibly, they seem to be rejected regularly now) saving by using a cashback site so I went directly to a few of the more well known providers.
I then found that I wasn’t actually saving any money at all, and was actually paying more by clicking through the cashback site.
Each of the ‘direct’ quotes I got were less than the quotes received through the cashback sites, and normally by the same amount, if not more than the cashback amount.
It would seem that as the providers know you have been directed through a cashback site the policy price increases to cover the payout (or non payout). I have recently had the same experience with my car insurance, and am now very wary of using cashback sites.
Am I doing something wrong or has anybody else had a similar experience?