London and Norwich-based Fintech, Snoop, the free app that helps people find ways to save has agreed a new partnership with GoCompare.
The agreement will enable Snoop customers to perfectly time their motor and home insurance switches using GoCompare’s comparison service.
The combination of Snoop’s proactive, data-driven transaction model with GoCompare’s insurance comparison will provide Snoop customers with fast and timely access to big savings and tailored motor and home insurance solutions. On average customers could save up to £2771 and 10% could save up to £1,6321 on motor insurance by comparing quotes. Savings of up to £1072 can be achieved by comparing home insurance quotes.
John Natalizia, Snoop CEO, said: “The UK market for home and motor insurance is huge and one we believe we can help transform alongside GoCompare. Snoop’s ability to provide personalised and proactive savings opportunities at exactly the right time can save our customers hundreds of pounds. Ghosting into expensive renewals may become a thing of the past as a result of the FCAs timely proposals to tackle price-walking, but the truth is Snoop will still need to help consumers in the fight against rip off tactics and opaque pricing. Shopping around for the best deal and most appropriate cover at the right time will remain essential for consumers.”
Lee Griffin, CEO and founder of GoCompare commented: “As businesses, we have a lot in common with Snoop and share values. GoCompare has been helping people across the UK to save on household bills since 2006, and we’ve helped millions of people save millions of pounds in that time, but we are always looking at new ways we can help more customers. Combining our technology and expertise with Snoop’s data-driven insights to unlock savings at exactly the right time for an individual’s circumstances and wallet is an exciting prospect.”
As well as giving a complete view of a customers’ finances through the latest open banking technology, Snoop provides data-driven, personalised insights (‘Snoops’) to help consumers avoid rip-off deals and make the most of their money based on their overall financial situation - bills and spending.
Snoop aims to save the average household around £1,500 per year3 and is available on iOS and Android. Since launching in April 2020, Snoop has been downloaded almost 150,000 times, been named one of the top financial technology firms in Europe and a Top100 Fintech Disruptor.