Moneynet champions consumer awareness with new insurance guide

Moneynet, the UK based price comparison and product research site, has just launched its ninth product guide in its series of consumer information publications. The new insurance guide joins the collection of other product manuals on moneynet ( http://www.moneynet.co.uk ) encompassing credit cards, mortgages, loans, life insurance, ethical investing, family finance and student finance.

The insurance guide ( http://www.moneynet.co.uk/home-car-travel-insurance-guide/index.shtml ) focuses on the most popular types of insurance, including home insurance (buildings and content), motor insurance and travel insurance. Within the motor insurance section, the guide includes detailed information on fully comprehensive insurance, third party insurance and speciality insurance.

Moneynet was in the news earlier this year over travel insurance, when the price comparison website issued a press release in April warning the consumer to guard against exorbitant insurance premiums from high street travel agents. At the time Richard Brown, Chief Executive of moneynet was quoted as saying:

"Single trip travel insurance can be obtained direct from a broker at very reasonable prices. The difference in price can in our view only be accounted for by the commission that some agents are taking from the insurance company. As usual it is the consumer who loses out because of travel agents' greed."

Research from the University of Warwick has shown that search capability is a powerful influence in overall consumer market choice, hence giving consumers the tools to shop around and empower them to seek the most competitive product.

Of the insurance guide, Richard Brown confirmed, “the insurance market is full of pitfalls and our guide is designed to highlight some of the potential problems that people face when arranging their home, motor or travel insurance.”

Moneynet offers a separate life insurance guide, which contains a comprehensive review of the types of life insurance and an explanation of the relevant complex terms. Moneynet intend to expand this particular section over the next few months in response to widespread concerns that consumers do not have adequate protection and personal cover against risks that could leave them in serious debt.


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About moneynet:

Moneynet.co.uk is the UK’s most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products. Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering the whole of the personal finance sector.

Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify the personal finance market and provide consumers with impartial and inter-active information on financial products and services.

Press enquiries:

E-mail: online@moneynet.co.uk

Telephone: 020 8313 9030
Fax: 020 8464 1971
Website: http://www.moneynet.co.uk
Address: Moneynet, Sussex House, 8-10 Homesdale Road, Bromley, Kent, BR2 9LZ

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