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POST OFFICE MONEY LAUNCHES NEW CAR INSURANCE PRODUCT FOR THE OVER 50s

Press release   •   Nov 26, 2015 17:23 GMT

  • New over 50s Car Insurance product from Post Office Money, available from today, is rated 5* by Defaqto
  • Post Office Money is committed to becoming one of the UK’s leading financial services providers

Post Office Money today announces the launch of its brand new 5* Car Insurance product for the over 50s. This new product, available in branch, online and by phone, marks the latest addition to the business’ growing range of celebrated financial services products.

The new product was developed as a result of research conducted by Post Office Money amongst the over 50s market who sighted extra cover for vandalism, uninsured drivers, child car seats, personal belongings, the provision of alternative transport or accommodation as key elements when purchasing car insurance.

The new product offering includes:

  • Uninsured driver protection – no claims discount and excess protected following a non-fault accident
  • Vandalism promise – no claims bonus and excess protected following a vandalism claim
  • £150 of child car seat cover for parents and grandparents
  • £250 to cover hotel expenses or alternative accommodation or £250 to cover alternative transport costs

Rob Clarkson, Managing Director of Post Office Money Insurance said:

“We understand how important peace of mind is to our customers. Our new car insurance product has been created to address over 50s’ concerns and needs, meaning they’re fully protected whether they are in an accident with an uninsured driver of find that their car is vandalised.

“We want customers to feel reassured that they are in safe hands; insurance is more than a product for many people – helping them to protect what is most valuable to them. Through Post Office Money we are committed to providing products that meet the requirements of our customers’ lifestyles, in the way that they want.”

Ends

*Defaqto is an independent company that assesses products and services and awards them with a 1-5 start rating based on the level of cover they provide. 

About the Post Office

The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.

Please note the Press Office team can only deal with enquiries from the media.  Unfortunately they do not have access to customer information so can not help with customer enquiries.

If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845 611 2970 Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.