Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
CMA home-insurance price-parity case
The Competition and Markets Authority found that Compare the Market’s agreements with home-insurance providers included wide parity clauses that restricted providers from offering lower prices through other channels. The authority imposed a £17.9 million penalty, which the company challenged in subsequent proceedings.
2020
CMA fines ComparetheMarket £17.9 million
Fine or penalty
The Competition and Markets Authority fined ComparetheMarket £17.9 million after finding that contract clauses used with home insurers breached competition law. The CMA said the clauses restricted competition between comparison websites and insurers.
Source excerpt
The Competition and Markets Authority has fined ComparetheMarket £17.9m after it found that clauses used in the company’s contracts with home insurers breached competition law.
As a result, competition between price comparison websites, and between home insurers selling through these platforms, was restricted.
The competition watchdog has fined CompareTheMarket £17.9 million after it found the price comparison site kept the cost of home insurance premiums artificially high.