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Insurance information for car owners seeking breakdown insurance cover from Insurancewide
Each year thousands of motorists experience car breakdown problems on
the road. The winter is well known for its ability
to ensnare cars mid journey. The result being a couple of hours spent on
the roadside waiting for breakdown recovery! To keep your car on the road requires
proper and regular servicing. Even so it is highly advisable to invest in
breakdown insurance; you never know when you may need it! The Car Breakdown Insurance
Wizard™ will show you the best UK breakdown company for your requirements.
How can Insurancewide help?
This company is the largest insurance aggregator in the UK with
over 50 products designed for personal and business use.
Operating independently from the insurers on their panel and using their
unique profiling technology, The Wizard™, this company will
help you untangle the car breakdown insurance market. The Wizard™ enables customers to
search, select and purchase the right breakdown insurance policy from the
right insurer and at the right price.
Since its launch in 1999 the company has received numerous accolades
for its work from the Department of Trade and Industry, and also from
within the insurance industry.
The Concept
Breakdown Insurance is purchased using a high street broker, a directory such as
the Yellow Pages, and recently, the internet. Companies with large marketing
budgets will always advertise their brand, but more crucial is the ability
to meet customer expectation with a competitive car breakdown insurance quote, which is where
the heart of the problem lies. How does a customer know the company
they have chosen is even interested in quoting for their business?
Only if an insurer wants your business will you ever receive a truly
competitive breakdown insurance quote.
The Wizard™
Simply put, The Wizard™ is a unique system matching
your individual needs with your personal insurance profile. By understanding
what your requirements are, they are able to select and suggest
the most appropriate car breakdown insurance companies
from the largest panel in the UK.
Don’t brokers do this?
Brokers provide customers access to car breakdown insurance policies from a wide range
of providers. However, since 1988 and the launch of Direct Line, over
60% of business goes direct to household names such as Norwich Union
Direct, More Than, Direct Line and Admiral. Direct insurers do not
allow brokers or intermediaries to quote their rates.
Online ‘brokers’ such as Its4me, Screentrade, Xelector,
Insure.co.uk etc. access comparative engines in the market in the same
way as high street brokers. For instance, Norwich Union provides a different
rate to different brokers depending on the quality and volume of business.
In addition, Norwich Union ‘Direct’ brand offer customers
cheaper rates than those available through brokers.
Do they really have the largest panel of insurers in the UK?
Yes they do. This company is not a broker but an aggregator. An aggregator
provides customers with access to a far larger range of insurers from
which to choose a car breakdown policy. They prides themselves on the number
of insurance companies on their panel and the range of breakdown insurance policies
they can offer. The panel has been developed with leading household brand
names like Direct Line, Tesco’s, Elephant, More Than and Esure
to specialist brokers.
Insurancewide
Breakdown Insurance
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