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BUDGET LAUNCHES SHORT-TERM MOTOR INSURANCE

Ideal for moving house, overseas visitors, students and test-drives
Protects no-claims bonus

21st January 2008

Leading motor insurance brand BUDGET has launched a new product, targeting the need for short-term motor insurance. BUDGET short-term insurance provides instant cover online and by phone, from as little as £6 per day*.  

Customers looking for temporary cover – whether for a single day or up to four weeks – can purchase policies online at www.budgetinsurance.com, via links from BUDGET’s car and van insurance websites or by telephone (0844 871 2391).

Short-term car insurance is ideal when:

  • Buying a car or van to drive away immediately
  • Test-driving
  • Borrowing a vehicle from a friend
  • Lending a vehicle to overseas visitors
  • Students borrow their parents’ car during term holidays

Temporary cover also offers reassurance to the vehicle owner, as their no-claims bonus is not at risk. In the event of an accident, a driver added temporarily to the owner’s policy could lose them their no-claims discount. But under a temporary policy, the owner’s no-claims discount would be unaffected.

Matthew Gledhill, Managing Director of BUDGET Insurance, said: “Many people at various times have needed a short term policy, whether borrowing a friend’s van to move house, or test-driving a car. But traditionally this kind of cover has been difficult to find when you need it. BUDGET listens to its customers and as a result we’re making the process simple and effective, at a competitive price.”

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For further information please contact:
Faith McMath                                                   e-mail: faith.mcmath@bglgroup.co.uk
BGL Group                                                      Tel: 01733 374668

* Depending on age, vehicle, location and driving licence.  Average purchase is approx. £40 for 6.5 days cover. 

Note to editors

The BGL Group

The BGL Group, formerly known as Budget Group of Companies (the Group) was founded in 1992 and has grown to become one of the UK’s largest personal lines insurance intermediaries, through a combination of organic growth and a series of major strategic acquisitions (the last major acquisition was five years ago).

The Group now arranges and administers insurance for 2 million customers. It operates major contact centre operations (Fusion) in Peterborough, Coventry, Sunderland, Peterlee in the UK, and Cape Town, South Africa. The Group currently employs 2,255 people with its head office in Peterborough.

As an intermediary, the Group is able to access a wide range of underwriters, making it highly competitive in the marketplace, offering core products such as motor, home, commercial vehicle and motorcycle insurance.  The Group also offers a wide range of supplementary products, which include breakdown cover, legal protection, travel insurance, life assurance, pet insurance and mortgage payment protection insurance.

 In 2006 the Group received ‘Intermediary of the Year’ (Insurance Age UK Broker Awards) for its outstanding contribution to the insurance industry.  In April 2007, the Sunday Times’ PricewaterhouseCoopers Profit Track 100 rankings selected the Group as ‘one to watch’. And in October 2007 the Group was ranked 229th in the Sunday Times HSBC Top Track 250 of Britain’s 250 biggest mid-market private companies by latest sales.

In 2007 the Group won the coveted title of Large Business of the Year in the regional Business Awards 2007 hosted by the Evening Telegraph, Peterborough.

Budget insurance searches a panel of 20 insurers to offer competitively priced car insurance, in addition to exceptional product benefits.

BISL Ltd, part of the BGL Group is authorised and regulated by the Financial Services Authority.

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Registered in England no 3231094