Quinn Insurance Group has gone into administration, meaning Quinn Insurance UK has been ordered to stop writing new policies. But what does it mean if you’re already insured by the company?
What about my policy?
The good news is that existing policies will still be honoured, so if you have insurance through the company you are still covered.
Ireland’s Financial Regulator said: “Existing UK policyholders will not be affected by this decision as existing policies will remain valid. Customers can make claims in the normal way.”
If you are paying for your insurance monthly, the advice is to continue with your direct debits.
Policy renewal
Quinn Insurance is no longer writing new policies so you will need to switch to an alternative insurer when your current cover ends.
However, it’s always important to shop around and compare quotes when your insurance is up for renewal rather than just renewing with your existing insurer.
The average driver saves £218 a year by comparing and switching through moneysupermarket.com.
Younger drivers
Quinn Insurance has previously provided insurance to many younger motorists in the UK.
Some newly-qualified driver may be worried about finding affordable car insurance now Quinn Direct is no longer writing policies.
Read our article ‘Beat rocketing car insurance costs’ for some tips on driving well and keeping the cost of your cover as low as possible.
Similar Posts:
- Talking point: Is car insurance sexist?
- Drivers pour £1.7billion down the drain
- When did you last change your home insurer?
- Should young drivers be kept off the roads?
- Millions of drivers are breaking the law
