CMA unhappy with ComparetheMarket home insurance deals

The CMA has made a provisional finding that ComparetheMarket includes clauses in many of its contracts with home insurers that breach competition law and could lead to higher premiums for consumers. It says the clauses stop insurers quoting lower prices elsewhere and therefore prevent rival comparison sites and other channels from offering cheaper prices than ComparetheMarket and that insurers are more likely to pay higher commission rates to comparison sites, and the extra costs could be passed on to customers.  The CMA has sent the firm a statement of objections for its views, before it decides how to proceed.


Emma Radmore