Vehicle Manufacturer's Insurance
It could be well-worth getting a quote for cover from the manufacturer of your car as it could work out cheaper in comparison to those offered by other insurance companies.
The practice of providing insurance premiums to owners of specific brands of vehicle began when car manufacturers realised that they could better serve the interests of their new customers by offering not only the finance to buy the vehicle but also car insurance products as well. This guaranteed a level of convenience that meant the customer could drive their new vehicle away at the point of sale.
It was an obvious next step to brand the insurance to the car manufacturers name. When premiums are sold as part of a complete package there may be an opportunity for the customer to negotiate further purchase discounts which might include reduced rates for breakdown cover, and in some instances it may also be possible to arrange zero excesses provided the policyholder is over 25 years old.
Branded car insurance products that manufacturers provide are often good value and competitively priced because they have been able to negotiate specific cover options and rates through their ability to guarantee volume sales by leveraging their brand. The car insurance providers use their extensive sales and claims statistics related to drivers of particular makes of vehicle to calculate premium ranges specific to that car manufacturer, and in turn, benefit from being their exclusive provider.
As a result of this exclusivity, the cover provided by the manufactturers of some brands of vehicle are often willing to include features as standard which are usually available only as optional extras from other insurance companies. These benefits may include:
1. Automatic provision of a courtesy vehicle provided your car is being repaired at the manufacturer's own repair centres.
2. All repairs are carried out using car manufacturer's genuine parts.
3. A personal claims incident manager who will deal with all the inevitable post-claim incident complexities for you, following one phone call.
If the vehicle is under 12 months old and is damaged under an insured risk, provided you are the first owner and the repair cost exceeds 60% of the list price, some car manufacturers insurance policies will replace it with a new one. Some will also consider replacement if the car is stolen within the first year and not recovered within a specified period of time.
Some car manufacturers encourage increased sales by offering to provide insurance free of charge as part of a package for specific models or at a particular time in a vehicle's sales life. If you're considering buying a new car, it may be worthwhile insuring it through the manufacturer as you may discover a cheaper quote compared to those offered by other companies.
Many major car manufacturers are able to provide online insurance quotes, amongst them Mini, BMW, Renault, Vauxhall and Nissan.
