Moneysupermarket celebrates record sales as insurance costs rise

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Comparing website Moneysupermarket has seen record sales due to booming car and home insurance switching as customers tried to find better deals in the face of “exceptionally” big cost hikes. It said: “Exceptionally high premium inflation continued, driving high search traffic in the quarter and fuelling high levels of switching in car and in home.” But it said the ramp-up in car premium costs started to stabilise towards the end of the year and the group is expecting it to become harder to match the same levels of insurance revenues over 2024, particularly in the second half. “The more we can help households save, the more the group grows.” The group – whose Moneysupermarket.com TV ads star actress Dame Judi Dench – said that car insurance premiums jumped by 35% to the end of November, while home cover rose by 34%. “The combination of high levels of premium price inflation and the cost-of-living squeeze resulted in high levels of search traffic with consumers seeking a better deal,” according to Moneysupermarket.