7 Tips to Save Money Online through a Price Comparison Website
- Business Tips

7 Tips to Save Money Online through a Price Comparison Website

Everyone loves finding a great bargain when shopping, whether online or offline. However, navigating the e-commerce landscape can be daunting for most shoppers who have spent hours searching for something all over the Web. This is where price comparison websites come in. These websites trawl the entire market (or as much as they can) and bring you the best offers and bargains available for whatever products you may be looking for. In doing so, price comparison websites save you plenty of time and help avoid the regret you may feel otherwise over not finding the best deal.

Whether you’re looking for the best deal on gas, electricity, car insurance, mortgage, or broadband services, price comparison websites can be your best weapon against high prices. First, however, it’s essential to keep the following 7 points in mind to get the best out of price comparison websites.

  1. Branch Out: The saying ‘don’t keep all your eggs in one basket is apt for price comparison websites. Every savvy shopper knows never to stick to a single price comparison website because each website gives you slightly varied results. Instead, browse a few different websites for the same product or service to determine which offers the best deals. A single price comparison website can’t cover the entire market, and this is why you must make use of several websites.

It is also worth noting that certain brands stay away from being featured on price comparison websites but can be the right one for you. For these brands, get individual quotes and then compare them with the others. Then, all you have to do is call these brands directly, which takes no more than a few minutes and can potentially save you a lot.

  1. Lowest Price Isn’t the Best Price: The lowest price might not always be the best option for your needs. For example, when buying a car or home insurance, a price comparison website will try to sell you the cheapest one available. Still, this one will probably not offer the level of coverage you are looking for.

When using these websites, keep in mind that low cost must be combined with high quality for the best deal. Value for money is the crucial point to focus on. Also, remember that low-cost insurance policies will most probably not include benefits such as a car replacement in case of damage due to an accident, which a better-quality policy is more likely to offer.

  1. Pay Attention to the Boxes: Most price comparison websites will make assumptions on your behalf and pre-select a few boxes for you when you search for deals. For example, most websites will assume you don’t have a criminal record and assume you have no convictions. If this happens when you are searching for an insurance policy and the incorrect boxes have been automatically ticked by the website, you will be stuck when you need the policy to payout. So always double-check before a final purchase is made.
  1. Standard Insurance Policies: Price comparison websites are best to use if you need standard insurance, not complex insurance policies such as private medical insurance or income protection. These websites don’t consider your circumstances, so if you have any questions about your unique situation, you won’t be able to do it on a price comparison website.

When searching for a mortgage, keep in mind that the cheapest option may not suit your needs, especially if you need to choose between a fixed or variable mortgage rate. You may even need to choose between a short-term or long-term energy insurance policy, and the correct guidance required to make this decision will not be found on any price comparison website. Therefore, try to be as informed as possible before going online to make your decision.

If you are buying insurance and everything looks great, you will be transferred to the insurer’s site once you click on the purchase button. Therefore, it is essential to make sure you have submitted the correct information. If not, you may have to pay for invalid insurance due to the insurer being given incorrect information.

  1. Buying Credit Cards: When you are on the lookout for a better credit card deal, you can use price comparison websites to tell you how likely you are to get accepted for the credit card you wish to get. All you need to do is enter some personal information, and you will be presented with a list of credit cards for which you are most likely to be accepted. This method helps you avoid rejection during a credit card application, allowing you to avoid damaging your credit rating.
  1. Limit Communication: Leaving your contact details is a great way to stay informed regarding the newest deals. If you don’t wish to receive email marketing and possibly even phone calls for marketing purposes, make sure you un-check the correct boxes when leaving your information at any price comparison website. You might even be charged for some calls, so make sure to read the fine print carefully before giving out your contact details.
  1. Hidden Agenda: Price comparison websites are paid by other companies to sell their products. This is how comparison websites make their money. However, some companies do not pay a commission so, to continue making money, comparison websites will push the paying company’s products onto the customer over other options.

Although the comparison website will commission if you click on any of these results, you may not necessarily get the best deal. So, when you search, don’t simply choose the first option, but go through them all. You might find a hidden gem.

The next time you decide to use a price comparison website, make sure you remember these tips to help enhance your experience. Finding a great deal is not only about finding the cheapest possible product or service but about finding the best quality product, which is most suited to your needs. Happy hunting!

Ann Neal is a writer keen on finance, tech and lifestyle topics, and she is also associated with Idealo. She is passionate about music and loves to play guitar in her free time.

7 Tips to Save Money Online through a Price Comparison Website

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