Alliance & Leicester has launched a new motor insurance policy in collaboration with Equity Insurance Group.
The bank is pledging to undercut any renewal quote from a competitor by £10.
Nathan Barber-Kebby, insurance manager at Alliance & Leicester, said: "By pledging to offer an unbeatable premium to those renewing their car insurance, we are continuing to do what we know best — challenging the established players in the market who may rely on customer apathy to retain business rather than delivering great value and giving people a good reason to switch."
The motor policy's features include:
• New car replacement if the vehicle is under a year old
• Personal belongings cover
• Personal accident and medical benefits
• Claims solely for glass damage or emergency medical treatment will not affect no claims bonus
• Courtesy car for fully comprehensive policies.
Alliance & Leicester is planning to roll out more standalone insurance policies following the motor launch.
