Post Office insurance is big business

Post Office Financial Services now has over half a million car insurance policies in force, strengthening its position as one of the fastest growing financial services providers in the UK.

Post Office Van Insurance - which is aimed at small business owners - is also booming, hitting over 12,000 sales in just under a year, taking it well on the way to having the biggest market share for this product.

Post Office Financial Services CEO Patrick Waldron said: “The Post Office is one of the UK’s most trusted brands, and in the current financial climate consumers are looking for financial products that give them a good deal with no hidden catches.”

Post Office Car Insurance offers drivers great value cover through a panel of insurers to search for the best deal. This, along with offers of £50 cash back or one month free, has resulted in more than 500,000 policies for the Post Office since launch in July 2004.

Post Office Financial Services is a joint venture between the Post Office and Bank of Ireland, which aims to offer its customers great value with fair and easy to understand products.

Patrick continued: “Our aim at launch was to become a major player in the financial services industry and signify how the Post Office is changing. Just under four years on – and with almost 1.4 million customers - we’re one of the fastest growing financial services providers in the UK, and on track to achieve our goals.”

“We believe in offering customers fairer, easier and better financial services products. For example, introducing not only a competitive and comprehensive van insurance product, but adding features such as physiotherapy sessions after an accident. Getting back on the road quickly is what matters to small businesses most.”

All products are available by telephone or online and information is available at around 14,000 Post Office branches across the UK – one of the largest retail networks in Europe.

For further information, visit postoffice.co.uk.