Net-Only Car Insurer Causes 5% Quote Cut

A new internet-only car insurer could cause the most significant shake- up in the market for motor policies since Direct Line's launch 20 years ago, a report from Deloitte will suggest today. The analyst's latest Quarterly Motor Insurance Market Report reveals the launch of Swiftcover this year has already resulted in a 5 per cent reduction in the average quote given by motor insurers for new policies. Catherine Barton, an insurance partner at Deloitte, said: 'Direct Line completely challenged the status quo by selling insurance directly to car owners, rather than through brokers, but it's fair to say Swiftcover may be moving that status quo on.....

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Car Insurance News: Net-Only Car Insurer Causes 5% Quote Cut...Get an auto insurance quote!