BeatThatQuote.com records biggest gains of top 10 UK aggregators

According to new figures from Hitwise, BeatThatQuote.com's growth outstripped other financial services aggregators by market share in Q4 of last year.

BeatThatQuote.com's strategy is to work with owners of the leading consumer facing web sites to monetise their traffic by powering an own branded price comparison service. Rather than put all of our eggs in our own brand basket, our growth and volume is boosted thanks to the strong consumer brands of our partners.

Over the past year financial aggregators have sent increasingly more traffic to the insurance industry and to each other as their popularity increases and consumers search for the best deals online.

London (PRWeb UK/PRWEB ) May 19, 2009 -- Award winning price comparison site, BeatThatQuote.com outperformed the competition to become the UK's fastest growing price comparison site in Q4 of last year, according to new figures from Hitwise.com, the internet analysis firm. In 2008, Nielsen Online named BeatThatQuote.com as the fastest growing web site in all sectors for 2007.

Despite the credit crunch, the figures reveal that BeatThatQuote.com grew by 42.68% from September 2008 to December 2008: the highest quarterly increase of the top 10 financial aggregators by market share, (almost double that of the market leader, Moneysavingexpert.com Forums).

Commenting on the news, Founder John Paleomylites said, "BeatThatQuote.com's strategy is to work with owners of the leading consumer facing web sites to monetise their traffic by powering an own branded price comparison service. Rather than put all of our eggs in our own brand basket, our growth and volume is boosted thanks to the strong consumer brands of our partners."

The top 3 sites in the Hitwise financial aggregators category all experienced quarterly increases in market share from September to December. Commenting on the most competitive area of financial services searches, the Hitwise report states, "Over the past year financial aggregators have sent increasingly more traffic to the insurance industry and to each other as their popularity increases and consumers search for the best deals online."

The Hitwise report only measures visits to the BeatThatQuote.com web site, it does not take into consideration the fact that the company provides its platform under a white label arrangement to 500 other consumer facing sites including major brand names such as Thomson, MSN, ITV Price terrier, Moneyfacts and Propertyfinder.

Notes to Editors

*Source: Hitwise UK Financial Services Quarterly Review Q1 2009

About BeatThatQuote.com

BeatThatQuote.com is a price comparison web site that helps people find the very best deals on a range of financial products and services that includes mortgages, credit cards, loans, home and car insurance, annuities and investments. Last year BeatThatQuote.com extended its offer to include utilities, travel and shopping price comparison.

BeatThatQuote.com is an independent company owned by the people who work there. In April 2008 it was voted number one in the 'Start-Ups Top 100' new companies. In 2006 it won the Growing Business Awards 'Young Company of the Year' award as well as being the NatWest Startups 'Business of the Year' and 'Online Business of the Year' winner. BeatThatQuote.com also reached the national finals in the Orange National Business Awards, and the HSBC Start-Up Stars Awards.

Independent net ratings agency Nielsen Online announced in February 2008, that BeatThatQuote.com was the UK's fastest growing web site in 2007, beating Facebook into second place. In January 2008 Comscore noted BeatThatQuote.com as one of the UK's top 100 most visited web sites.

For further information please contact
the BeatThatQuote.com press office:
Gong Communications   
Kirsten Smith or Narda Shirley
020 7935 4800

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