Tescocompare.com celebrates with launch of further channels

Tescocompare.com, the comparison site, is celebrating its first anniversary with the launch of further new channels.

Over the last year, the site, which launched in September 2007, has grown from being a car insurance comparison site to a multi-channel service. Consumers now have the option to compare car, home and motorbike insurance as well as mortgages, credit cards, personal loans and utility providers.

In its first year, Tescocompare.com has been rated as best car insurance comparison site by Defaqto twice - once in 2007 and once in 2008. Defaqto said Tescocompare.com provides ‘the best overall service to consumers' and gave it the highest rating of all assessed comparison sites.

Unlike other comparison sites, Tescocompare.com is not just about the price; it focuses on helping people find the right cover or product for their individual needs. The site helps users compare search results on a like for like basis, by allowing them to compare different product features across their returned quotes.

Tescocompare.com also guarantees that the quote returned on its site will be the same or lower than if the consumer went direct to the provider and asked for a quote under the same details.

The new channels and their highlights are:

Car and home insurance: customers can compare motor insurance policies by price and over 25 policy features across insurers so that they can find the right insurance for them.

Mortgage channel: offers a whole of market, no-fee, online mortgage search service with an option to contact a dedicated advice team by phone. Based on the search results up to four mortgages can be chosen for comparison.

Motorbike insurance: by only having to type in their details once consumers can automatically search all three levels of cover to get fully comprehensive, third party fire & theft, and third party quotes.

Utilities channel: provides a comprehensive comparison service of gas and electricity suppliers, including green electricity deals.

Credit cards and unsecured personal loans: Allows enquirers to create their own credit card and personal loan shortlist, based on the features they are most interested in.

Matthew Dransfield of Tescocompare.com added: "We launched Tescocompare.com because our customers asked us for a price comparison service that delivers what they were looking for. Over the last 12 months Tescocompare.com has added several new channels, and we have plans for many more in the months to come.

"We believe that people can trust us to find them the best deal for their needs, whether they are looking for an insurance quote, a new mortgage or want to switch utility providers. We are looking forward to adding further channels in the future and we will continue to listen to customer feedback to help improve our current proposition."