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Tue, 25 Oct 2005
The cover provided by Car Insurance companies varies widely, even if the cost doesn't, according to new research.
A study conducted by Sainsbury's Bank revealed that Car Insurance policies often provide varying degrees of cover and drivers are being encouraged to ensure they have the Car Insurance cover they expect.
As the Car Insurance market continues to be highly competitive, it appears that some providers are cutting policy cover in order to ensure that prices remain low.
"Competition in the Car Insurance industry is intense and some customers could be tempted to give up elements of their cover to help keep the cost of their premiums down," said Joanne Mallon, Car Insurance manager, Sainsburys Bank.
For example, eight out of nine policies offer a courtesy car, but just one in 30 policies actually offer a replacement child car seat. Other differences in policies may include varying levels of personal accident insurance as well as higher excesses.
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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.