One of the difficulties Google encountered, according to The Wall Street Journal, is that auto insurance typically requires state-by-state approval. The publication also noted that Google failed to convince some big insurers and lenders to be part of Compare, leading to limited choices and people seeking answers elsewhere. Google didn't reveal whether it plans to pursue the niche again in the future -- Compare itself is the new version of Google Advisor -- and only said that it's focusing on AdWords for now.
Here's the full email to partners posted by Search Engine Land:
Beginning on February 23, 2016, we will start ramping down the Google Compare product, which is currently live in both the US and UK. We plan to terminate the service as of March 23, 2016. As you know, Google Compare (formerly Google Advisor in the U.S.) has been a specialized, standalone service that enables consumers to get quotes from a number of providers for financial products such as car and travel insurance, credit cards and mortgages.
Despite people turning to Google for financial services information, the Google Compare service itself hasn't driven the success we hoped for. We greatly appreciate your partnership and understand that this decision will be disappointing to some. But after a lot of careful consideration, we've decided that focusing more intently on AdWords and future innovations will enable us to provide fresh, comprehensive answers to Google users, and to provide our financial services partners with the best return on investment.
We're grateful for all the feedback that you have provided over the course of this product's development, and we are looking forward to partnering with you to achieve greater success in the future.
We will work with you during this transition and beyond. Please reach out to your Google representative if you have any questions and to discuss the next steps.
The Google Compare Team