Yesterday I spent quite a bit of time playing the “Online Quote” game for car insurance – and I was a bit shocked as to the variation between the various companies.
Q: Does anyone have any intell on how these systems work?
Firstly I thought I would utilise one of those “comparison” websites that advertises on TV – but it wouldn’t even accept 2014 as a model year (oh well – move onto the individual quote game).
I sought quotes from 9 companies and I fed in the exact same details into every system (drivers, history, garaging, use, etc). Interestingly there must be an alignment between some of the companies – as their systems were identical (just with a different logo and colour scheme).
My quotes ranged from $514pa, $604, $733, $770, $819, $841, $1006, $1,222 to my personal favourite: $1,337pa – all for similar Excess rates.
Now I am not trying to “name-and-shame” companies – but my curiosity wants to know how the back-end systems can be that different in their workings…