Question 1

Does WiT Money show insurance prices?

Accepted Answer

No. WiT Money does not show a single premium that applies to everyone. Insurers price cover for the person or business requesting a quote, so we describe pricing as personalised or quote-based rather than a universal figure.

Question 2

Is this a personal recommendation?

Accepted Answer

No. These pages explain insurance types and list providers from our launch dataset. They are not advice and not a personal recommendation. If you need advice, speak to a suitably authorised adviser.

Question 3

Why is breakdown cover under Car?

Accepted Answer

Breakdown cover is roadside assistance for vehicles, so it sits with car and van insurance. It is not a separate top-level Insurance menu item.

Question 4

Do you include every UK insurer?

Accepted Answer

No. WiT Money lists participating providers from our launch dataset, not necessarily every UK insurer or the whole market. Absence of a brand does not mean it is unavailable or unsuitable.

Question 5

What types of insurance can I compare on WiT Money?

Accepted Answer

WiT Money covers a range of personal and business insurance categories, including car insurance, home, travel, life and business insurance. Some sections also include more specific cover such as breakdown cover, van insurance, landlord insurance, critical illness cover and public liability insurance.

Question 6

How do insurance comparisons work?

Accepted Answer

Insurance comparisons help you review providers, policy features, eligibility criteria and available cover in one place. Quotes and premiums are personalised by insurers, so the final price and terms will depend on your circumstances and the information you provide.

Question 7

Why do insurance prices vary between people?

Accepted Answer

Insurers price policies using factors such as your age, location, claims history, occupation, vehicle or property details, level of cover and other risk information. This means two people looking at the same type of insurance may receive very different premiums.

Question 8

What should I compare besides the insurance price?

Accepted Answer

Price is only one part of an insurance policy. You should also compare the excess, exclusions, cover limits, optional extras, claims service and any restrictions that could affect whether the policy is suitable for you.

Question 9

What is an insurance excess?

Accepted Answer

An insurance excess is the amount you may need to pay towards a claim before the insurer pays the remaining eligible amount. Policies can include a compulsory excess set by the insurer and a voluntary excess that you choose.

Question 10

What does “subject to underwriting” mean?

Accepted Answer

It means the insurer will assess your details and risk before deciding whether to offer cover and on what terms. The final premium, excess, exclusions and eligibility may change after the insurer completes its assessment.

Question 11

Does the cheapest insurance policy always offer the best value?

Accepted Answer

Not necessarily. A cheaper policy may have a higher excess, lower cover limits or fewer benefits, so it is important to compare the overall policy rather than only the headline premium.

Question 12

What information do I need for a car insurance quote?

Accepted Answer

You will normally need details about the vehicle, drivers, address, occupation, annual mileage, driving history and previous claims. Insurers may also ask how the vehicle is used and where it is kept overnight.

Question 13

What is the difference between comprehensive and third-party car insurance?

Accepted Answer

Comprehensive car insurance usually covers damage to your own vehicle as well as third-party injury or property damage, subject to the policy terms. Third-party cover focuses on damage or injury you cause to other people and their property.

Question 14

Does car insurance include breakdown cover?

Accepted Answer

Breakdown cover is not automatically included with every car insurance policy. Some insurers include it, offer it as an optional extra or provide it through a separate breakdown cover policy.

Question 15

What affects the cost of car insurance?

Accepted Answer

Common factors include the driver’s age and experience, postcode, vehicle type, insurance group, annual mileage, claims history and how the car is used. Optional extras and the level of voluntary excess can also affect the premium.

Question 16

What is the difference between buildings and contents insurance?

Accepted Answer

Buildings insurance covers the structure of your home and usually permanent fixtures such as fitted kitchens and bathrooms. Contents insurance covers belongings inside the property, such as furniture, electronics and personal possessions.

Question 17

Do I need both buildings and contents insurance?

Accepted Answer

It depends on your circumstances. Homeowners may want both types of cover, while tenants will usually only need contents insurance because the landlord is generally responsible for insuring the building.

Question 18

How much buildings insurance cover do I need?

Accepted Answer

Buildings cover is generally based on the cost of rebuilding the property rather than its market value. The insurer or comparison journey may help estimate the appropriate rebuild cost.

Question 19

What can affect the price of home insurance?

Accepted Answer

Insurers may consider the property type, postcode, rebuild cost, security, previous claims, occupancy and the level of cover selected. Optional extras and the excess can also affect the premium.

Question 20

What is the difference between single-trip and annual travel insurance?

Accepted Answer

Single-trip travel insurance covers one specific trip, while annual travel insurance can cover multiple eligible trips during a 12-month policy period. The better option depends on how often you travel and the destinations involved.

Question 21

Does travel insurance cover medical conditions?

Accepted Answer

Some travel insurance policies cover pre-existing medical conditions, but they usually need to be declared during the application. Cover, exclusions and premiums can vary significantly depending on the condition and insurer.

Question 22

When should I buy travel insurance?

Accepted Answer

It is usually worth arranging cover soon after booking a trip because cancellation protection can apply before you travel, subject to the policy terms. Waiting until just before departure may leave you without cancellation cover for earlier events.

Question 23

Does travel insurance cover cancellations?

Accepted Answer

Many travel insurance policies include cancellation cover for certain insured events. The reasons covered, limits and exclusions vary between policies, so check the terms carefully.

Question 24

What is life insurance?

Accepted Answer

Life insurance pays a lump sum to eligible beneficiaries if the insured person dies during the policy term, subject to the policy conditions. It is often used to help protect family finances, mortgages or other financial commitments.

Question 25

What is the difference between life insurance and critical illness cover?

Accepted Answer

Life insurance generally pays out on death during the policy term, while critical illness cover can pay a lump sum if you are diagnosed with a specified serious illness covered by the policy. The conditions and definitions vary by insurer.

Question 26

How much life insurance cover might I need?

Accepted Answer

The appropriate level of cover depends on factors such as your mortgage, debts, income, dependants and future financial commitments. WiT Money provides general information rather than personalised financial advice.

Question 27

Does life insurance get more expensive with age?

Accepted Answer

Age is one of the factors insurers use when pricing life insurance. Premiums can also depend on health, smoking status, occupation, lifestyle and the amount and length of cover requested.

Question 28

What business insurance might a small business need?

Accepted Answer

The right cover depends on the type of business and the risks it faces. Common policies include public liability, professional indemnity, employers’ liability, business equipment cover and other sector-specific insurance.

Question 29

What is public liability insurance?

Accepted Answer

Public liability insurance can help cover claims if a member of the public is injured or their property is damaged because of your business activities, subject to the policy terms and exclusions.

Question 30

What is professional indemnity insurance?

Accepted Answer

Professional indemnity insurance is designed to help protect businesses against certain claims arising from professional advice, services or mistakes. It is particularly relevant to consultants and other professional-service businesses.

Question 31

Is employers’ liability insurance compulsory?

Accepted Answer

Most UK businesses that employ staff are legally required to have employers’ liability insurance, subject to limited exemptions. The required minimum level and exact obligations should be checked against current legal requirements.

Question 32

What affects the cost of business insurance?

Accepted Answer

Insurers may consider factors such as business type, turnover, number of employees, claims history, location, activities, cover limits and the risks associated with the work being carried out.

Compare UK insurance providers

Insurance types you can explore

Comparing insurance on WiT Money

What types of insurance can you compare?

How insurance comparisons work

Why price is personalised

Choosing between insurers and brokers

Insurance providers we cover

Insurance guides

How insurance excess works

No-claims bonus explained

Buildings vs contents insurance

Travel insurance: what to check

Life insurance vs critical illness

Public liability insurance explained

Insurance questions

Does WiT Money show insurance prices?

Is this a personal recommendation?

Why is breakdown cover under Car?

Do you include every UK insurer?

What types of insurance can I compare on WiT Money?

How do insurance comparisons work?

Why do insurance prices vary between people?

What should I compare besides the insurance price?

What is an insurance excess?

What does “subject to underwriting” mean?

Does the cheapest insurance policy always offer the best value?

What information do I need for a car insurance quote?

What is the difference between comprehensive and third-party car insurance?

Does car insurance include breakdown cover?

What affects the cost of car insurance?

What is the difference between buildings and contents insurance?

Do I need both buildings and contents insurance?

How much buildings insurance cover do I need?

What can affect the price of home insurance?

What is the difference between single-trip and annual travel insurance?

Does travel insurance cover medical conditions?

When should I buy travel insurance?

Does travel insurance cover cancellations?

What is life insurance?

What is the difference between life insurance and critical illness cover?

How much life insurance cover might I need?

Does life insurance get more expensive with age?

What business insurance might a small business need?

What is public liability insurance?

What is professional indemnity insurance?

Is employers’ liability insurance compulsory?

What affects the cost of business insurance?

Explore all insurance options

Continue with a related page

Compare UK insurance providers

Insurance types you can explore

Comparing insurance on WiT Money

What types of insurance can you compare?

How insurance comparisons work

Why price is personalised

Choosing between insurers and brokers

Insurance providers we cover

Insurance guides

How insurance excess works

No-claims bonus explained

Buildings vs contents insurance

Travel insurance: what to check

Life insurance vs critical illness

Public liability insurance explained

Insurance questions

Does WiT Money show insurance prices?

Is this a personal recommendation?

Why is breakdown cover under Car?

Do you include every UK insurer?

What types of insurance can I compare on WiT Money?

How do insurance comparisons work?

Why do insurance prices vary between people?

What should I compare besides the insurance price?

What is an insurance excess?

What does “subject to underwriting” mean?

Does the cheapest insurance policy always offer the best value?

What information do I need for a car insurance quote?

What is the difference between comprehensive and third-party car insurance?

Does car insurance include breakdown cover?