LV= agrees new car insurance contract with Nationwide

LV= has been appointed by Nationwide Building Society to underwrite its car insurance product for a further three years.

LV= has been the sole provider of cover to Nationwide car insurance customers since 2008, during which time the product has been given a five star rating by Defaqto and the service delivered has received numerous independent accolades.

The partnership has been very successful. Last year, LV= was also awarded the contract to provide the mandatory breakdown cover element within Nationwide’s market leading ‘FlexPlus’ fee paying Current Account.

LV= is the third largest car insurer in the UK and offers own branded and white label products direct to consumer and via business partners and brokers. It is the most recommended insurer in the UK according to YouGov and the best insurer for customer satisfaction, according to the 2014 UK Institute of Customer Service Customer Satisfaction Index.

Andrew Beard, Retail Business Director at LV=, said: “We have worked with Nationwide Building Society for a number of years and I am delighted that the Society has chosen to renew its car insurance contract with us. We enjoy a very strong relationship and as mutual organisations, we share similar customer-centric values.”

Martyn Dyson, Head of General Insurance at Nationwide, said: “We are delighted that we have renewed our car insurance partnership with LV=, allowing us to continue offering our members comprehensive cover at a very competitive price. With LV=’s extensive experience on board, we are confident that this partnership will continue to allow us to grow further in the car insurance arena.

“Nationwide’s car insurance provides one of the most comprehensive policies in the market, as indicated by a Defaqto five star rating and includes many competitive features. Anyone looking to save money in the New Year should consider coming to Nationwide for their car insurance, where they can enjoy competitive premiums and great customer service that our customers have grown to expect from the Society.”