Confused.com Predicts Insurance Hikes for Social Media Users

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People displaying personal information on social media websites could face home insurance hikes.

We would always recommend that our customers have adequate security and insurance in place to protect them should the worst happen - however they need to be aware that home security doesn't just mean physical locks.

Confused.com has warned that people who use social media sites such as Twitter and Facebook could eventually face hikes in their home and contents insurance premiums.

PleaseRobMe.com has recently raised awareness on this issue in a bid to make people think about how they use services like Twitter, FaceBook, Foursquare and Buzz and the dangers of letting criminals know when they're not home. Services like Foursquare lets others know people are in a specific spot but more importantly that the user is definitely not at home.

Confused.com is predicting that the new wave in social media could eventually lead to big hikes in home insurance premiums. Darren Black, head of home insurance at Confused.com said: "I wouldn't be surprised if as social media grows in popularity and more location-based applications come to the fore, insurance providers consider these in their pricing of an individual's risk - we could see hikes of up to 10% for people who use these sites.

"Criminals are becoming increasingly sophisticated in their information gathering, even using Google Earth and Street View to plan their burglaries with military precision. Insurance providers are starting to take this into account when they are assessing claims and we may in future see insurers declining claims if they believe the customer was negligent.

"We would always recommend that our customers have adequate security and insurance in place to protect them should the worst happen - however they need to be aware that home security doesn't just mean physical locks."

Confused.com gives top three tips to reduce the risk of using social networks and therefore the risk on homes:

1. Never post your home address or other personal information such as your home phone number on social networking sites
2. Don't follow people you don't know on social networks and block others from seeing your profile if you don't know them
3. Turn off location-based services on Twitter and Facebook unless you absolutely need to use them

For further information please contact:

Press office
Confused.com
02920 434 398

Darren Black    
Head of Home Insurance    
02920 435 574

Notes to editors

About Confused.com:
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.

Confused.com has a panel of over 60 home insurance providers and could save customers over £180* on their annual house insurance policy.

Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.

Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.

*24% of customers who received a home insurance quote between 1st January and 30th June 2009 and provided a best alternative price saved over £183.73

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