I think I paid about £240 from More Than including cashback which I will explain shortly. I'm 27, 7 years protected NCB, IS200 Sport, no mods, fully comp.
*Disclaimer* Everyone I've told this to didn't know about it, but forgive me if I'm telling you guys something you already know. I realise this is my first post but I'm not advertising anything and am not affiliated with any of these companies, just showing you how to save a bit of cash, as thanks for all the valuable info I've gained off this forum.
Comparison sites like confused.com, comparethemarket etc. get paid referral fees by the insurance company for sending them new clients.
Example: you use confused.com and it gives you the cheapest quote by Esure. You click the "Buy" button and it sends you to esure's site, you fill in the stuff and buy it there, job done. In the background, Esure track that you were linked from confused.com and pay them small (and sometimes not so small) fee as a thank you for bringing them a customer. This is how they make money, everyone's happy, customer got the lowest quote, Esure got a new customer, confused.com get a referral fee.
However there is a way for the customer to get that referral fee themselves by acting as their own middleman. There are websites that run cashback schemes. The idea is they act as the referrers and get paid the fee, then they pay it back to the customer. The one I use is Quidco but there are others. It's been going for quite a while now and most major online businesses are on the scheme.
It works like this:
1) Use a comparison site to find the top 5 or so cheapest quotes.
2) Sign up to Quidco and look up what cashback offers are going on for those companies. These are a few of the current deals, they change all the time though:
MoreThan: £68
Swiftcover: £28
esure: £45
LV: £40
Sheila's Wheels: £45
3) Work out which is the cheapest overall including cashback. For example its MoreThan. Then you click the MoreThan link on Quido.com which sends you to MoreThan's website where you fill in your details just as before. IMPORTANT: make sure you don't close your browser window after clicking the Quidco link until you've paid the money or it won't track.
4) Wait for the cashback to be paid into your bank account. The only thing is it's not a fast process, it often takes months to clear, but you can set it up to do a BACs transfer into your account, or get a cheque. The only payment Quidco get is £5 out of your earnings every year as an admin fee. I think there are other companies which don't charge a fee, but I don't think they offer as good deals.
This year I got £45 back, year before I got £75.
Quidco won't spam you, I don't think I've ever got an email from them, and they've been around a long time. It also works on tons of online shops, I think one of the only major places that doesn't do it is Amazon. Places like play.com and hmv will do up to 6% on cds/dvds. The big lump sums from insurance companies/mobile phones are what makes it worth it
A few deals that are currently on:
iTunes: 6%
Vodafone: £90 for a (pay monthly) phone sale- per phone
Tesco: £5 for first genuine new registration and first order with Tesco Grocery
MoreThan: £75 for home insurance
Also the other thing which is more obvious advice, get a new quote every year as insurance companies are sneaky as hell. I've been with MoreThan for 3 years now and every year I've made a brand new quote and it's been significantly cheaper than their renewal quote, even with their advertised 20% discount for being a loyal customer. And cashback on top of that makes it all the more sweeter. Hope this helps some of you guys. These cars aint the cheapest to run, so every little bit you can save is good :)
