New car insurance products by Tesco

Tesco Personal Finance has added three new warranty plans to its car insurance products.

Available for vehicles up to ten years old, the plans will cover the cost of labour and parts in the event of repairs being required, according to Tesco.

Dubbed Value, Standard and Finest, they can be purchased even if the manufacturer’s warranty has been expired for several years.

Head of insurance Allan Burns predicted “heavy demand”, saying: “Many motorists worry about the cost of repairs but up until now it has been quite difficult to buy a warranty once a manufacturer’s has lapsed.”

Under the plans, customers can choose their own mechanic to carry out work. Prices start £99 per month and vehicles must have less than 100,000 miles on the clock.

The AA recently warned those planning to take their cars abroad during the summer to check that their insurance policies covered them.

© Adfero Ltd

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