If you’ve ever bought car insurance, you’ll know how much of a pain it is. You’ve struggled with the whole driving test process, managed to get through to the other side, found your perfect car… and then you’re faced with the gargantuan task of figuring out which insurance you need to go for.
Price comparison sites are pretty much the only way forward – until now. A new app, by honcho, could revolutionise car insurance forever.
The app takes the stress out of finding insurance by making the companies bid for your hard-earned cash. Yup, you simply use the app to point out what different things you want your insurance to include, and then the car insurance companies put forward their own offers. And here’s the best bit, they each fight against each other, in front of your eyes, with decreasing prices to try to win your business.
All you have to do is pick the one you like.
To put it simply, it’s a ‘reverse auction’. What does this mean? Well, the companies don’t try and get you to sign up with the highest offer – they try and tempt you in with the best deal that matches what you ask for. And in a world where car insurance prices are ever-increasing, anything that means we get a better deal is good news for us.
It is about time that young people got some kind of relief when it comes to insurance. The average cost is £1,197 for a fully comprehensive policy. That’s huge. The reason behind it is that 18 to 24s are considered the ‘riskiest’ on the road.
CEO Gavin Sewell says that the technology is “cutting-edge”, and he’s not wrong.
He added: “honcho will be a great asset to the UK consumer insurance market and revolutionise the industry for drivers, in particular young motorists who face real challenges in securing a competitive deal.”
The company’s whole thing is about ‘playing hard-to-get’, and yep – we’re on board.
If you fancy checking it out for yourself, head over to their website – gethoncho.com – or download their app for Apple or Android and see what they’re all about.
Part of a paid partnership with honcho.