Cheap Car Insurance & Simplifying Products

Filed under: Car Insurance News

It has been announced today that the government are launching a consultation on insurance products in a bid to make them simpler to understand. I don’t know about you but it is way overdue. Cheap car insurance companies have been making money for years off the back of people finding their products difficult to understand. Of course, aggregate sites, or comparison sites as they are more commonly known, have made policies a little easier to understand because individual drivers can compare the features. Asked honestly though, most would not understand the small print.

So what exactly will this consultaion do, if anything? Well, it will initially investigate the insurance industry as a whole before making recommendations on how to make cheap car insurance more transparent. The government are likely to call for further regulation to protect consumers so life may get a little easier as far as choosing car insurance is concerned in the coming months.

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