UK auto insurance companies
In UK auto insurance industry there are a number of organizations that are performing multiple functions. Companies, providing auto insurance in UK are also acting as underwriting agencies. Most of these establishments are owned by major financial institutions in UK like Halifax and Bank of Scotland.
Lloyds of London is a major name in UK automobile insurance industry. This company doubles up as an underwriting agency as well. It has several brands that execute underwriting functions. Equity Red Star is among leading ten names in UK car insurance industry. It is a part of Lloyds syndicate network and provides car underwriting services and personal lines policies. These products and services are provided through an insurance broker market.
There are certain companies in UK car insurance industry, which provide car insurance services across various distribution channels. Royal & SunAlliance have come up with their own brand named “more than”. Through its broker division, Royal & SunAlliance also deals in providing car insurance to brokers. Some big names of UK auto insurance sector are from outside this country. They are American International Group, Allianz Cornhill, AXA, Zurich and Groupama.
Admiral Car Insurance Group is a well known auto insurance services provider of UK. It was incorporated in 1993 and presently provides car insurance at low premiums. Adrian Flux Insurance Group deals only in car insurance policies. Its quotes are provided through its telephone call center and official website. Allen & Allen Insurance Group was established in 1968. This company deals in online car insurance and provides its quotes through its associated brands.
UK auto insurance scenario
In UK vehicle insurance industry, companies are not willing to cover drivers who have been convicted for causing deaths due to inattentive and careless driving. Even if they provide policies to these drivers, premiums are very high. In UK auto insurance British car owners pay an aggregate of 500 million pounds in order to cover drivers who are not insured.