Cash Back

[wendilla]

What is the idea of insurance companies offering cash back .?I was looking to change my insurance this year but have calculated some and looks like you are already paying this £75 extra before you get it back in 90 days . What a gimmake .

[jno]

I suppose they have 90 days to invest your £75 and pocket the interest that would otheerwise have gone to you. But yes, factor that in to your calculations as you shop around.

[wendilla]

Yes looks like that on quite a few companies . Just as well off staying where I am . Thanks for your reply

[Graham-W]

I'm insured with a certain broker. If I do the "confused.com"/"gocompare" thing I get a nice low price. If I go to the brokers on our high street it's at least £75 more expensive. I insure the car on line then collect the documents from the shop. Simples.

[boxtops]

The advert for Lloyds Bank at the moment (banking, not insurance) says they give the price of some purchases back to customers. It's a gimmick, I've never had a purchase refunded.

[TWR]

Another way for you to look around for a better deal.