Banks of Scotland enhances car insurance product

Bank of Scotland is launching a new car insurance product after agreeing a deal with Peterborough-based insurers Junction, which is part of the BGL Group.

The deal, which is an extension of Junction’s long-term partnership with the Lloyds Banking Group, means the Bank of Scotland will be able to offer competitive car insurance with a range of benefits and extras.

The move also adds to the strength and range of insurance products available through Junction.

Junction’s managing director Gary Duggan said, ‘We are delighted to extend our relationship with the Lloyds Banking Group. Our partnership has been extremely successful and the introduction of Bank of Scotland will further increase the strength of our insurance offering.

Paul Birkhead, head of motor and corporate partnerships for Lloyds Banking Group, added, ‘We are continually working with our motor insurance partners at Junction to improve our products and services to help customers protect the things most important to them.

‘The launch of Bank of Scotland Car Insurance is an important milestone, giving our customers greater choice by offering comprehensive and competitive cover through an iconic and trusted brand.’

There are a number of features of the new product: it will allow Bank of Scotland’s internet banking customers to receive a 10% discount on standard car insurance cover in the first year; while all customers will benefit from a three-year guarantee on repairs carried out at approved garages and a 24-hour emergency and windscreen helpline.

The cover also includes 60-day European Union cover and no claims discount rewards for careful driving.

Customers taking out comprehensive cover will receive additional benefits such as a courtesy car whilst their car is being repaired, and new car replacement if their new car is stolen and vandalism cover, subject to terms and conditions.