Santander launches new car insurance offer

Santander is helping to continue to drive down the cost of motoring for UK consumers with the launch of its new car insurance offer; beating their existing car insurance premium by 20% for customers with a Santander 123 Current Account or 123 Cashback Credit Card and by 10% for all other eligible Santander customers.

Based on an average annual renewal premium of £609, the offer could save UK motorists on average £122 for Santander 123 customers and £61 for all other Santander customers. It is available over the telephone and open to all eligible UK drivers who are looking to switch their car insurance.

Drivers can also rev up their savings with Santander's 123 Cashback Credit Card which pays cashback on 1 per cent for supermarket spend, 2 per cent for department store spend and 3 per cent for petrol station, National Rail travel and Transport for London spend including tube, train and bus travel.

Richard Al Dabbagh, Head of Insurance Marketing, said: "It pays to be a Santander 123 customer.  We're always looking to go the extra mile and offer our customers products that offer real value - and help them save money.  Not only do you get all the benefits of the 123 current account or credit card, but you can save even more with our unique car insurance which offers 123 current account or 123 credit card, or both, customers a saving on their renewal premium of 20% and all other Santander customers a saving of 10% on their renewal. Coupled with a 123 Cashback credit card which offers 3% cashback for petrol station spend, we're certainly hoping we'll help UK consumers drive down the cost of their motoring this Autumn."

Santander is also extending its Building & Contents Home Insurance offer, giving existing Santander customers a 20% discount and a further 10% off for Santander 123 World customers, those who have either a 123 Current Account or a 123 Credit Card, taking their discount to 30%.

Santander's ‘123 World'

The Santander car insurance offer is the latest in a series of great initiatives designed to reward customers, including the 123 Cashback Credit Card and the unique ‘123 Current Account' which pays cashback on all utilities, council tax, Santander mortgage payments and communications direct debits set up on a customer's account, as well as paying in-credit interest on balances up to £20,000.

For more information, visit santander.co.uk/car.