Tescocompare.com named ‘true’ aggregator site by Defaqto.

Tescocompare.com has been named as one of only five ‘true’ home insurance aggregator sites by Defaqto, an independent research company. Defaqto’s report looked at 28 home insurance comparison sites and highlighted that only five of the researched aggregator sites were shown to be ‘true’ aggregator sites – providing quotes from a mixture of direct providers and intermediary panels.

Commenting on the Defaqto research, Paul Baxter, Director of Commercial and Partnerships at Tescocompare.com said: "We are extremely pleased with this latest Defaqto report, it is a direct reflection of the hard work we have put into developing an insurance comparison site that is truly consumer friendly. We believe that transparency and clarity are the most important aspects when it comes to a comparison service and it is great that our proposition has been independently recognised."

"Most consumers may not be aware that some comparison sites are merely a white label version of a broker’s website. These sites will only offer a choice of a panel of insurers, not a true comparison service. Much more needs to be done to educate consumers about the mechanics behind these sites."

"We also believe that the focus should be on encouraging consumers to shop around for the most suitable cover for their needs, rather than just the cheapest quote available. Tescocompare.com allows consumers to compare policy features as well as insurance premiums and we do not believe in making assumptions on behalf of our customers. In addition, the price quoted on our site is the same if not cheaper than if the customer went to the insurer directly."

"We are delighted that Defaqto has recognised our drive to empower the consumer for both our car, and our home insurance channel."