UK supermarket bank Tesco is to offer customers the option of using its own brand price comparison service to rate home and insurance quotes served up by the retailer's online banking portal against competitor offerings.
The new arrangement will give customers who have come to Tesco Bank for a car or home insurance quote the option to compare it against alternative providers through the price comparison site.
Tesco has integrated its online quotation engine with the Tesco Compare site, so customers can switch backwards and forwards between the two sites as they look for the best deal.
Tesco Compare commercial director, Vikki Macleod, says: "We are sure the new arrangement will embody the Tesco Bank spirit of treating customers fairly. During these tough financial times we appreciate that Every Little Helps can make a difference when finding deals on insurance and other financial products."
Luanched in 2007, Tesco Compare offers price comparison services for car and home insurance from over 65 and 25 providers respectively.