John Lewis Money relaunches car insurance with new broker model
John Lewis Money has relaunched its car insurance offer with a new broker model.
For the first time, it will compare quotes from a selection of providers to find customers the most cost effective option from its panel.
Subscribe to TRBThe new proposition has launched with Ageas, Axa and Covéa Insurance, while RAC, Arag and Premium Credit will offer additional services.
John Lewis Money said the expanded network means it will now be able to insure a wider range of cars, including electric vehicles as well as higher-value cars.
Gary Davess, director of insurance for John Lewis Money, said: “Becoming an insurance broker has been a step change to our business, and is already driving more competitive quotes for our home insurance customers.
“We’re excited to launch this model across our car offer, and have partnered with trusted names in the sector to deliver for customers.”
John Lewis Money has also redesigned its policies with the introduction of two tiers of car insurance, Essentials and Premium, to enable customers to choose the right level of cover for their individual needs. The Essentials tier provides comprehensive cover at a lower price point, with windscreen cover and a courtesy car as standard.
For the relaunch, John Lewis Money has also partnered with the RAC and ARAG to give customers optional access to breakdown cover and legal protection. Customers paying monthly will also be able to access a reduced interest rate compared to previous policies, through John Lewis Money’s new partnership with Premium Credit.
This month, John Lewis Partnership announced the appointment of Gerry Mallon as a non-executive director of John Lewis Finance, a regulated subsidiary of the John Lewis Partnership that oversees John Lewis Money.
