04 April 2019, 15:06
Saga Launches Ground-breaking Fixed-Price Promise Insurance Products for Home and Car Insurance
- Saga has today announced a new three-year Fixed-Price Promise for its standard home and motor insurance policies
- Saga is the first provider to introduce a motor insurance product with a fixed-price
- The price will be fixed, but members have the choice and freedom to leave at each renewal
- Fixed-Price Promise insurance is only available direct - not available through price comparison sites
April 4th, 2019: Saga has today launched its new three-year Fixed-Price Promise1 for standard home and motor insurance products. Addressing the consumer demand for choice, certainty and transparency in insurance, Saga has created new insurance policies that deliver a unique package of benefits, while promising that if a customer’s circumstances don’t change, then neither will their price.
The UK’s leading membership organisation for the over-50s, Saga is the first to bring the Fixed-Price Promise to market for motor insurance, providing its members with a service that no other provider offers. Saga members will now be assured that the cost of their insurance policies will not change year-on-year and that they are covered by additional features as standard. New features onward transport - to get customers to their destination in the event of an incident - are all included as in the five-star Defaqto rated products for home and car insurance.
Key feature information:
- Saga Car Insurance includes as standard a fixed three-year Fixed-Price Promise, onward transport solutions to ensure customers are never left stranded when vehicles break down, legal fee costs, and private medical cover for the insured and spouse if they are injured in a road accident.
- Saga Home Insurance includes as standard; a fixed three-year Fixed-Price Promise, damage caused by pets, matching items cover, and protection for personal belongings away from the home.
Although the price is fixed for three years, policyholders for both home and motor insurance, are not tied in for the three-years. Customers will have the choice to shop around annually, encouraging competition, but with the assurance that should they stay with Saga, the price will remain the same.
Gary Duggan, CEO of Saga Services, commented: “We are extremely proud to be the first to market with a three-year Fixed-Price Promise for motor insurance and believe our home insurance commitment provides a unique package of benefits to the products already out there. Our three-year fixed-price insurance is only available direct from Saga and give customers the reassurance that if their circumstances don’t change, then neither will their price”.
“We are always listening to our members’ feedback to ensure our products continually evolve to meet their needs. We are delighted that we have received an overwhelmingly positive response from customers in our early trials for the Fixed-Price Promise product and we plan to continue to put them at the heart of the products that we tailor for them.”
Saga’s new fixed-price insurance is only available to customers direct via www.saga.co.uk/carfixedprice or www.saga.co.uk/homefixedprice and 0800 092 3908. It will not be available through price comparison sites. Both home and car insurance products are designed to give customers peace of mind and provide the comprehensive, high-quality experience that car and homeowners expect from Saga.
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Notes to editors
Notes to editors
The 3-year Fixed Price Promise to the customer is that if nothing changes over the next three years; neither will the cost of your policy. The policy provides customers with the certainty that their next two renewal prices will not increase (subject to the customer not making any changes, adding a claim and IPT remaining at the current rate). The promise also includes the flexibility that they are not tied in and can cancel their policy any time, subject to our usual cancellation terms and processes.
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Saga specialises in the provision of products and services for life after 50. The Saga brand is one of the most recognised and trusted brands in the UK and is known for its high level of customer service and its high quality, award-winning products and services including cruises and holidays, insurance, personal finance and publishing. Visit www.saga.co.uk