Product category:
Savings and investment
News Release from: Marks & Spencer Money | Subject: Insurance
Edited by the Insidemoneytalk Editorial
Team on 08 March 2007
MandS Money response to moneysupermarket
car insurance survey
The average premium for MandS Car Insurance quoted by moneysupermarket is not representative of the true price of our insurance.
Our average MandS Car Insurance premium sold via moneysupermarket is GBP483 - just over a third of the figure quoted in the survey Our premiums are monitored independently every quarter by Consumer Intelligence* and are consistently just below average in price based on 1,000 risks from 40 providers
This article was originally published on Insidemoneytalk on 20 Feb 2007 at 8.00am (UK)
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We do not recognise the figure quoted by moneysupermarket and are contacting them for more details of the basis of their research.
Background MandS Money has always offered quality, value and consistency with its car insurance.
We use a carefully selected panel of insurers to make sure that we quote the right premiums for individual customers.
MandS Car Insurance was 'best of the best buys' in a 2006 Which? report that analysed 6,450 premiums from 41 insurance companies, comparing price and cover including the provision of a courtesy car.
MandS Car Insurance topped the report based on its ability to offer 'good value for most drivers'.
MandS Car Insurance includes as standard a hire car for up to 14 days after an accident, fire or theft.
Further use of a car may be provided if the customer's own car is still off the road after this time.
The policy also includes free RAC UK and European breakdown cover for the customer, not just the car.
Consumer Intelligence is a wholly independent company that provides critical business information on price, service and customer satisfaction.
Sectors monitored include general insurance, life insurance, banking, credit cards, investments, mortgages, personal loans, savings.
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