Many of us rely heavily on financial brokers to make decisions for us when it comes to our financial portfolios. We trust these men and women to guide us with sound advice and to help us achieve our financial goals in the here and now, and also in the future when we retire. But in the end, what is the real cost of giving money to the middleman, and are we perhaps allowing someone else to make decisions for us that we could easily be making for ourselves?
“We have recently conducted research* that shows that only 79% of consumers are the sole decision makers when it comes to choosing car insurance,” says Derek Wilson, Head of Hippo.co.za, South Africa’s leading comparison website that helps consumers save money by comparing a range of SA providers across financial products such as Car Insurance, Household Insurance, Life Insurance, Medical Aid and more. “But what about the remaining 21%? Who makes their financial decisions for them?”
Some would use the same insurers as their parents, without really being aware of their own distinct financial needs. Others use insurance brokers to manage their financial portfolio on their behalf. This may be more costly in the end, given the fact one in two people could save hundreds of Rands per month* on their car insurance alone by using an insurance comparison website such as Hippo.co.za.
“There are no admin fees or commission to pay with Hippo.co.za and you could save yourself a huge amount of time and money by getting a number of quotes in minutes, just as brokers would do, but without the added broker’s fees,” adds Wilson. “Furthermore, Hippo instantly sources prices directly from a range of insurance brands via the Internet by sourcing prices from insurers’ pricing engines to let consumers compare prices and benefits side by side, after which consumers can simply select the best deal for them.”
Consumers are now able to enjoy the same benefits of using a broker by empowering themselves to make their own choices, without the added fees.
Here are some of the benefits of using the Hippo.co.za online comparison website:
“SA consumers need to realise that you no longer need to consult your broker before signing up for, or switching insurance products – you can do it yourself and it only takes a few minutes,” concludes Wilson. “It’s also good to bear in mind that Hippo.co.za is a completely unbiased and impartial platform that wants to see everybody save money at the end of the day.”
Established in 2007, hippo.co.za is South Africa’s leading comparison website that helps consumers save money by comparing a range of SA providers across financial products such as car insurance, home insurance, life insurance, medical and more. Hippo is free to use and saves consumers the time and hassle of shopping around for the best deal since the Hippo.co.za website instantly retrieves real-time quotes from the different providers using the latest Internet technology. One in two people could save hundreds of Rands per month* on their car insurance alone by using hippo.co.za to compare before they buy or switch to a new provider.
Hippo.co.za makes money by simply charging its partners a fee when a customer chooses to find out more about their products. The results consumers see, and the order in which they are presented, is in no way influenced by the fee hippo.co.za charges its partners or any other factors other than the price of the product being compared.
For more information, visit us on www.hippo.co.za, connect with Hippo on LinkedIn, http://www.linkedin.com/company/hippo-comparative-services-pty-ltd/, like us on Facebook, www.facebook.com/HippoSA, and follow us on Twitter @Hippo_co_za and YouTube, http://www.youtube.com/user/hippocompare.
Hippo Comparative Services (Pty) Ltd is an authorized financial services provider (FSP number: 16357).
*Based on 2015 independent market research conducted by Kaufman Levin Associates.