Car Insurance Competition Boost as Largest Bank Enters Market
6th April 2010
- Up to 10% discount for Ulster Bank customers
- Ulster Bank becomes largest in-branch distribution network for car insurance
Northern Ireland’s biggest bank today enters the local car insurance market, promising to boost competition in a sector traditionally neglected by many large insurance companies.
Ulster Bank’s car insurance will feature attractive discounts of up to 10% on new policies for existing Bank customers and is available throughout Ulster Bank’s 92 strong branch network in Northern Ireland. Ulster Bank Car Insurance is provided by the Royal Bank of Scotland and underwritten by UK Insurance Limited.
The move will see Ulster Bank create the largest in-branch distribution network for car insurance in the Irish marketplace. Customers will also be able to purchase their policy by calling 0800 051 0025.
Ulster Bank is offering a discount of 10 per cent to all customers for the first three months post launch. Customers of Ulster Bank’s ufirst current account will benefit from an additional 10% discount for one year.* And customers with Ulster Bank home insurance can access an additional 10% discount on Ulster Bank car insurance for a year, on top of other applicable discounts.
Tim McCarthy, Managing Director Retail Direct at Ulster Bank, says: “We want to offer Northern Ireland consumers a new and better choice for car insurance. It is well documented that there hasn’t been the same competition in the Northern Ireland marketplace as elsewhere in the UK. We believe that this move will be an important step forward in helping boost competition.”
Ulster Bank Car Insurance is provided by the Royal Bank of Scotland and underwritten by UK Insurance Limited. Both Ulster Bank and UK Insurance Limited are members of the Royal Bank of Scotland Group. It is your responsibility to decide if the policy meets your needs.
Qualifying criteria and conditions apply. Ulster Bank Car Insurance is only available to residents in Northern Ireland who are 22 years or older. Quotes are valid for 90 days.
* Discounts are applied consecutively to your individual premium. Subject to a minimum premium. You should note that a monthly membership fee of £9 applies on ufirst current accounts, and a monthly membership fee of £13 applies on ufirst gold current accounts.