By Tamara Pupic
A new online tool will simplify the process of securing car insurance by helping people easily navigate policy and price options.
Compareit4me.com, the UAE-based operator of finance comparison sites across the region, will soon launch the region’s first car insurance comparison portal.
The new online car insurance comparison tool will allow Compareit4me group’s customers to choose among car insurance options of all major carriers, which includes getting access to instant quotes from the region-based insurers.
Compareit4me team explains that based on their prelaunch tests most users will save 20 percent to 30 percent on their annual premiums.
The company’s CEO Jon Richards adds that the UAE consumers will now be able to enjoy the same service and discounts on their car insurance policies as people around the world. “Users need a quick and easy way to compare car insurance and our proprietary technology will allow them to do just that,” he says.
“Building disruptive technology from scratch isn't easy. We have invested a lot of time and money into the project so it’s great to see it on the verge of launching.
“If we can help users save as much as our analysts suggest, customers will save thousands of dirhams each year which is exactly what our team has set out to do."
Similar car insurance comparison portals have been widely used in the UK, such as gocompare, Compare The Market and Money Supermarket.
Last year, US-based Google took their search engine one step further to offer their own comparison shopping site and help consumers find the best deal by comparing rates from different insurance providers.
Compareit4me.com launched in the UAE in 2011 to help people make confident and more informed financial decisions. They have enjoyed business growth of 300 percent year-on-year.
It currently operates in eight regional countries - as compareit4me in the UAE, Qatar, Bahrain, Kuwait; and as amwalak.com in Saudi Arabia, Lebanon, Jordan and Egypt.
In 2015, Compareit4me.com was honoured with the Arabian Business Start Up Award for SME of the Year 2015 award.