It certainly is mate. However, I can pretty much guarantee that these companies will try and find a loop hole to carry on with the way they trade.
Apparently (going on what I have read), there are also plans to cap the price of insurance. As much as I would welcome this (as I'm sure every other motorist would), I can't see it happening. The insurance companies are making way too much profit, especially from new drivers. I can't see them agreeing to reduce their premiums. I know they are in business to make money, but there's making money... and there's making money.
The thing with comparason websites, they are charge the insurance companies a fee for the "privelege" of being included on the comparison list. As I found out when I used the meerkat one when I had my Omega. I did an online quote with the meerkats, got a price. I then contacted the cheapest company direct, gave the same details and figures etc. When they asked how I heard about them, I said recommendtion. They then came back with a marginally cheaper price... which I acepted and took out. Come renewal time, it was almost double. They have no loyalty to current customers... they only really want new ones.
