Jaguar Land Rover has been forced to slash insurance costs as a car theft epidemic sweeps UK. Land Rovers are amongst some of the most stolen cars in the UK, with some JLR drivers facing insurance charges of up to £30,000.
JLR launched its own cover, Land Rover Insurance, in October, and since it has provided customers with more than 37,500 quotes averaging less than £180 a month. JLR will pay £150 towards a motorist’s monthly premium, meaning the average cost is reduced to just £30 per month.
Patrick McGillycuddy, managing director of Jaguar Land Rover UK, said: “We’re working hard to support our clients every step of the way and are pleased to offer a further, bespoke insurance initiative. JLR has an ‘all-fronts’ strategy to tackle the negative impact organised criminality is having on clients, insurance premiums, and the insurance industry itself.
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“Our efforts and investments include a raft of initiatives with police forces, port authorities, international law enforcement agencies and, of course, UK insurers.” Jaguar Land Rover, which is based in the West Midlands, says it has invested £15million in new technology to make its vehicles more difficult to steal.
In the most extreme cases, drivers were facing demands for as much as £30,000 per year from insurers amid reports that Range Rovers were among the cars most targeted by criminal gangs. The new insurance scheme, which is underwritten by Allianz, has provided more than 37,500 quotes averaging less than £180 per month to JLR drivers and motorists.
Anyone who buys a new Range Rover or Range Rover Sport that was registered between May 1 and September 30 this year will see Jaguar Land Rover pay £150 towards a motorist’s monthly premium.
It will take the average cost under the company’s scheme down to just £30 per month.
