Tesco applies 'Value' brand to car insurance
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Tesco applies 'Value' brand to car insurance
25th May 2006
Tesco is launching a 'Value' low price comprehensive motor insurance policy, aiming to keep costs low by offering the policy only over the internet, restricting cover to over-21s, and specifying where policyholders can have claims repairs done.
The policies also have a higher excess of '475, compared to '300 for the group's comprehensive cover, and reduce the guarantee provided on repair parts from three years to one. As a result Tesco, now said to be the UK's third largest motor insurer, says it's able to offer the policy for '2 a month more than its standard third-party cover, and nearly '50 a year less than its comprehensive policy.
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