One of Ireland’s largest banks is to start offering car insurance, it was revealed today.
Ulster Bank will sell private motor cover through its 135 branches nationwide, as well as online and over the telephone.
Tim McCarthy, a managing director of the bank’s retail services, said they want to tap into customer demands for better value car insurance. “Ulster Bank is now in a position to provide comprehensive cover nationwide through the familiarity and strength of the bank’s established branch network and brand name,” he said.
Policies will be underwritten and administered by insurance giant Aviva.
Ulster Bank said it will offer discounts of up to 10 per cent on new policies for its existing customers.
It claims the availability of private motor insurance from its branches will create one of the largest car insurance networks in Ireland.
The bank will offer two levels of cover: a no-frills budget comprehensive cover with the option of add-ons; and a “Premier” option with breakdown assistance, windscreen cover and a lower policy excess as standard.
PA