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introduced a new insurance coverage for clients in the UK who may be facing challenges with increasing insurance premiums following a rise in vehicle theft.
The carmaker is now introducing its “Insurance Contribution” initiative, which gives car owners £150 per month towards the cost of insurance for up to three years. Applicable vehicles include new Range Rover and Range Rover Sport models registered between May 1st and September 30th 2024.
Since launching, more than 37,500 insurance quotes with an average monthly premium of less than £180 were issued by Jaguar Insurance and Land Rover Insurance.
The carmaker said that it is also working with insurers by providing “unprecedented levels of real-time data” about its vehicles.
JLR has invested £15 million to update the security of previous-generation vehicles for clients, including those out of warranty. Since 2022, more than 150k vehicles from 2018 onwards have received security updates while JLR’s engineers work to develop anti-theft software compatible with 2016 and 2017 vehicles.
“JLR has an ‘all-fronts’ strategy to tackle the negative impact organized criminality is having on clients, insurance premiums, and the insurance industry itself. Our efforts and investments include a raft of initiatives with police forces, port authorities, international law enforcement agencies and, of course, UK insurers.” – Patrick McGillycuddy, Managing Director, JLR UK.
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