Alliance & Leicester enters car insurance market

Alliance & Leicester, the bank with the most ‘best buy’ mentions in the personal finance sector, enters the car insurance market today with a pledge that it will beat any renewal quote by £10.

The new insurance product will bring to the motor insurance sector the same value and quality of product that Alliance & Leicester has a reputation for in the banking industry.

Motor Insurance is the first of a number of new standalone insurance products the bank will be offering, and like the other insurance products available through Alliance & Leicester, it is being launched with a partner – Equity Insurance Group – who have a vast amount of experience in the motor insurance sector.

Nathan Barber-Kebby, Insurance Manager at Alliance & Leicester explained: “By pledging to offer an unbeatable premium to those renewing their car insurance, we are continuing to do what we know best – challenging the established players in the market who may rely on customer apathy to retain business rather than delivering great value and giving people a good reason to switch.”

Alliance & Leicester’s Motor Insurance will provide a full range of valuable features, which will include:

New car replacement if the vehicle is under 1 year old
Personal belongings cover
Personal Accident and medical benefits
Claims solely for glass damage or emergency medical treatment will not affect no claims bonus
Courtesy Car for fully comprehensive policies

In addition, motorists can save hundreds of pounds on insurance cover, or at least a tenner on a renewal quote.