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Sainsbury’s Bank Helps New Car Insurance Customers Drive Further For Less

13 October 2015

Drivers could enjoy nearly 260 extra miles(2) for free this year thanks to a new promotion from Sainsbury’s Bank car insurance offering money-off fuel vouchers each month(1).

Sainsbury’s Bank’s analysis of fuel prices(2) estimates that the monthly money-off vouchers, totalling £30 over the course of one year, could buy an extra 259 miles of driving – enough for a return trip from London to Dorset.

New Sainsbury’s Bank car insurance policy holders are eligible to receive twelve monthly vouchers for fuel, each valued at £2.50(1), to be used in Sainsbury’s petrol filling stations, around 300, across the UK.

Sainsbury’s Bank’s analysis also reveals that the cost of driving has fallen significantly when compared to a year ago – primarily as a result of falling fuel prices. In August 2014 the cost of petrol was 128.1 pence per litre, making the annual cost of petrol around £1,022(4). This fell to £916 in 2015(5) – a decrease of £106 or 10%. Sainsbury’s Bank estimates that drivers could benefit from an extra 915 miles of driving this year for the same price as 2014.

Scott Gorman of Sainsbury’s Car Insurance said: “Falling petrol prices is welcome news for motorists and could go some way to help offset other motoring costs such as servicing and road tax. Sainsbury’s Bank is offering the equivalent of 259 ‘free miles’ to new car insurance customers the equivalent distance of Newcastle to Leeds and back, or simply a contribution to the school run.”

Free ride: where 259 miles could take you (and back)

Belfast – Dublin

Birmingham – Aberystwyth

Bristol – Ilfracombe

Cardiff – Weymouth

Edinburgh – Aberdeen

Glasgow – Fort William

Liverpool – Holyhead

London – Swanage

Manchester – the Lake District

Newcastle – Leeds

 Customers purchasing Sainsbury’s Premier Cover Car Insurance direct from Sainsbury’s Bank (i.e. excluding quotes obtained via price comparison websites) also receive double Nectar points on Sainsbury’s shopping and fuel for up to two years(6). Cover must be renewed at first renewal for double points to continue.

For further information on Sainsbury’s Bank car insurance, call 0800 092 9334, visit www.sainsburysbank.co.uk or pick up a leaflet in store.

Sainsbury’s Bank’s new promotion comes shortly after Sainsbury’s cut the price of unleaded petrol by up to 2 pence per litre across its 300 forecourts. Last week, the supermarket announced that throughout October it would be offering 10 Nectar Points per litre of fuel in its biggest ever Nectar Points giveaway.

– Ends –

This press release is information for journalists only and is not intended to be a promotion to be acted upon by consumers.

For further information, please contact:

Jennifer Johnston-Watt, Sainsbury’s Bank on 0131 286 0010 / bank_communications@sainsburys.co.uk

 Notes to editors:

About our car insurance:

 Sainsbury’s car insurance is underwritten by U K Insurance Limited, Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No: 1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

About Sainsbury’s Bank:

To view our latest press releases and product information, please visit the media centre at www.sainsburysbank.co.uk/media

 

Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. The Bank benefits from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance.  Sainsbury’s Bank provides a range of quality products including travel money, insurances, credit cards, savings and loans which we provide through multiple channels, including instore, by telephone and online.

 

Sainsbury’s Bank plc. Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury’s Bank plc is covered by the Financial Services Compensation Scheme (FSCS).