JLR slashes in-house insurance premiums by 80%
Jaguar Land Rover has announced it will contribute £150 per month for three years towards certain in-house insurance policies.
The offer, which effectively cuts the average price of its in-house insurance by about 80%, applies to Range Rovers and Range Rover Sports purchased between 1 May and 30 September and valued at under £150,000.
Range Rovers
This comes after a wave of vehicle thefts have seen premium prices surge. According to the DVLA, the Range Rover Sport was still the fifth most stolen car in the UK last year, despite the number of units stolen being 29% lower than in 2022. Meanwhile, average annual premiums for JLR drivers is still in excess of £2,000 compared to the overall national average of £627, as reported by the Association of British Insurers.
However, the offer from JLR underpins the confidence it has in the security features fitted to newer models and security software updates installed in older models.
JLR CEO Adrian Mardell said: “The police national computer shows only 0.08% of new Range Rovers – just 11 vehicles out of 12,800 vehicles which have been passed over to clients since launch two years ago – have been stolen. It’s 15 for the new Range Rover Sport. I’m not sure which other brand could actually claim such a high level of security and a low level of theft.”
