Latest Car Insurance News

Posted July 2005

New Entrant Gains Momentum

Since their UK launch in February the Irish Insurance Company Quinn Direct is currently adding approximately 1000 new car insurance customers each week, which makes them one of the fastest growing insurers. This success is built on their status in Ireland which saw the company start from scratch in 1996 to a position where over 300,000 policyholders are insured by them. The company has promised to target young drivers, inexperienced, and older drivers in the UK.

Posted June 2005

New Price Index Launched

The supermarket giant Sainsbury’s Bank has launched a Car Insurance Index backed by Consumer Intelligence market research company to track premiums on a quarterly basis. The initiative is designed to highlight the differences in quotations offered to consumers and encourage car drivers to switch to new insurance companies at renewal time. Sainsbury’s Bank hope that the positive publicity generated from the findings will also help sell the company’s own car insurance product.

Posted May 2005

Women Drivers Warned To Shop Around

A recent survey published by one of the UK's biggest Direct Insurers suggested that women drivers should seek car insurance quotes from mainstream insurers as women only insurers such as Diamond, First Alternative Women and Ladybird are not necessarily the cheapest. In response James Harrison, Director at Insurancewide responded by arguing that high numbers of women buy insurance from women only insurance companies from his website and therefore prices must be competitive.

Posted May 2005

Aviva set to continue buy out of RAC

Aviva the largest UK Insurer best known for its Norwich Union brand is soon to complete the purchase of the RAC. The proposed deal has already been given the green light by European Regulators. The acquisition signifies Aviva intent on growing the financial services arm of the RAC which already sells car insurance and other insurance products. There will undoubtedly be cost savings as Aviva will to look merge some operations and administration functions. Two years ago, the RAC took on the job of servicing the Norwich Union Breakdown Insurance product.

Posted April 2005

Barclays To Sell Car Insurance

At the beginning of the month Barclays Bank one of big 4 UK High Street Banks announced intentions to grab a huge slice of the general insurance market and compete head on with the market leaders. Insurance products to be offered to the consumer include car, home and travel. All Barclay’s insurance policies will be underwritten and serviced by Norwich Union, the UK’s biggest general insurer. To entice the customer to switch from their current provider, Barclays are offering savings of up to £270 on car insurance (average £79 per customer). Other incentives include up to 70% no claims discount without any age restriction and improved customer service levels across it branch network, telephone call centres and online servicing. Barclays are also promising to offer the same price commitment to customers whether they are new or existing.

May 2004 to December 2004 News Articles

March 2004 to April 2004 News Articles