Avoid hidden car insurance charges with Your Cover car insurance

According to Which? Money’s own research, seven-in-ten car insurance providers impose administration charges on policyholders for making small changes to their policies.

Your Cover insurance, the recently launched online motor insurer, is one provider who does not make a charge and also has a very competitive for policyholders wishing to pay by instalments.

Extensive customer research carried out by Your Cover insurance even before its launch revealed that consumers expect to be able to make changes to their policy without incurring administration charges imposed by their insurance provider. Your Cover insurance listened and

·         Does not charge for changes made during the term of the policy

Using information provided by the independent financial research company, Defaqto, Your Cover insurance can report that across a basket of well known motor insurance brands, the average adjustment fee charged to policyholders for making even the simplest of changes to a policy is £19.00! This rises to as high as £35.00 with one well known direct insurance brand.

In addition to a ‘no admin charge’ promise, Your Cover insurance also has one of the lowest ’s for customers choosing to pay their premium by instalments. Your Cover insurance charges a typical of 16.8%. Again, using the same Defaqto research, the average across other leading providers was 24.0%, rising to as much as 29.5% with one leading insurance company brand.

Neil Brettell, Director, Speciality and Direct said:

“In these difficult financial times, customers don’t just want competitive premiums, they also don’t want to pay for making simple changes to their policies. Often, customers circumstances change and we don’t make any charge for mid - term adjustments. Additionally, our typical for paying your premium by instalments is one of the lowest in the market place.”

Ends.