Whether it’s finding the best credit card or buying the right car insurance, people want an easy way to understand and compare financial products online. compareit4me.com, the Middle East’s leading finance comparison website, will soon enable consumers to compare car insurance quotes with its online car insurance comparison tool, the newest addition to its suite of products designed to help people make confident, more informed financial decisions.
Simplifying the process of securing car insurance cover, compareit4me aims to become the trusted resource to help people easily navigate policy and price options. Combining innovative technology built in-house with accurate, unbiased information, the portal will enable online customers to quickly compare car insurance options across all major carriers and purchase the policy that best fits their needs.
“The insurance industry around the world has seen an amazing shift in the way it operates and the Middle East is no different,” said Jon Richards, CEO of compareit4me group. “Users need a quick and easy way to compare car insurance and our proprietary tech will allow them to do just that. 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 save users as much as our analysts suggest, customers will save thousands of dirhams each year which is exactly what our team set out to do.”
The launch of the region’s first car insurance comparison portal will finally allow customers to perform a whole of market comparison in just a few minutes. Getting access to instant quotes from the leading insurers in the region with just the click of button will not only save people time, it will also save them money. Based on its prelaunch tests, compareit4me suggests most users will save 20 percent to 30 percent on their annual premiums, with the process taking no more than three minutes.
Best of all, not only will compareit4me allow users to compare and buy online, it will also allow them to receive their policy online through the site, within a few hours.
The announcement of this industry-first initiative comes off the back of an impressive 12 months for compareit4me.com. In September, the company raised $3 million in VC funding, from Dubai Silicon Oasis Authority, STC Ventures, the VC arm of Saudi Telecom and Wamda Capital, which is headed up by Aramex founder Fadi Ghandour.