A price war in Ulster's car insurance market was looming today after Tesco announced that it was entering the fray.The supermarket group said its aim was to undercut existing premiums in the province which it said were too high.The development should be good news for Northern Ireland's hard-pressed motorists, who for years have endured by far the highest prices in the UK. Our research has established that car insurance in the province has been too expensive for too long, and in some cases is double what we are charging in Britain."As an opening gambit, Tesco said Clubcard holders who take out car insurance would have acashback offer of up to Pounds 80.Tesco, which started its car insurance business in Britain in 2000, is currently the third biggest player in the market with 1.5 million customers.The company expects to do the bulk of its business over the internet, where customers will qualify for a 10% discount, but says cover can also be arranged over the phone.....
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Car Insurance News: Tesco to Spark Car Insurance Price War ; Supermarketin Pledge to Slash Ulster's High Premiums...Get an auto insurance quote!