Price comparison pet prices to leave consumers confused

Price comparison pet prices to leave consumers confused

Research by Globaldata Financial Services, published in Life Insurance International, into the use of price comparison websites when searching for pet insurance has shown significant price variation across PCWs when quoting for the same risk.

The research showed that even for the most basic of cover, prices from the same provider varied by up to £130 on a £293 average policy price .

Commenting on their research and on the ongoing Competition and Markets Authority investigation into PCWs, the report references how a new breed of insurtech providers including honcho are set to disrupt the aggregation market by focusing on a more consumer-friendly service.

Read the full article here.