This is the ultimate review to guide you through Lloyds Bank car insurance.
You might already know that Lloyds Bank offers several car insurance policy options.
Some are great, others not so much.
So if you want to get better value for money for your car insurance, indicative quotes and tips to lower your insurance premium, then you might love the following article.
Let’s dive right in.
Table of Contents
Is Lloyds Bank the best car insurance provider?
Getting the best car insurance deal is not all about the price. Indeed, focusing on just getting the cheapest deal might be a bad calculation when it comes to getting a good payout if you ever have an accident.
At Safe, we’ve studied in detail Lloyds Bank car policy terms and conditions and given our own ratings based on different criteria:
2,8 Safe overall rating for Lloyds Bank
|Safe rating||Our opinion|
|Customer service & satisfaction|
24/7 emergency helpline is available
In the case of an accident or damage, optional total loss courtesy car cover is provided for up to 28 days
|Value for money|
A 3 year repair guarantee is offered
|Financial strength for pay out|
Strong financial capability
Customer friendly website with a simple and easy-to-use interface
Customer satisfaction rates based on consumers reviews
We compiled customer satisfaction rates from independent institutions, to give you an overall idea of Lloyds Bank’s reputation.
|Review organisation||Consumer satisfaction rates for Lloyds Bank|
|TrustPilot||1,6/5 based on 79 opinions|
To check if Lloyds Bank is the right car insurance for you, you can use our free car insurance insurance comparison platform and get quotes from main insurance companies in a few seconds only without having to give any personal information.
Do we recommend Lloyds Bank car insurance policy?
Lloyds Bank is one of the ‘Big Four’ British clearing banks, and the largest retail bank in Britain. It offers a range of insurance products including home, life, landlord, van, mobile phone, business, travel and car insurance. Lloyds Bank offers two levels of car insurance which is the Standard and Comprehensive insurance policy. Extra cover options like Keycare cover, Motor Legal Protection, Breakdown Cover are provided. It however doesn’t offer insurance policies for young drivers and learning drivers.
What does Lloyds Bank car insurance policy include?
Lloyds Bank proposes different types of policies, let’s look at the features of each insurance policy.
Is Third-party only, third-party fire and theft and comprehensive cover available at Lloyds Bank?
Below you’ll find the different levels of cover available (or not) at Lloyds Bank for a standard single car insurance.
In general, car insurance falls into three main levels of cover :
|Car insurance policy||Available at Lloyds Bank||Coverage in a nutshell|
|Third-Party Fire and Theft|
Keep in mind that you can always take one of those policies and add selected upgrades on top of your basic contract.
What are the extras available at Lloyds Bank?
At Lloyds Bank, you can choose among different policy upgrades, either already included in your car insurance policy or added as upgrades.
You will find each offer detailed in the below section.
Breakdown cover at Lloyds Bank
The breakdown cover is provided at a cost of £29.99 per year and it comes with different levels of cover which in turn offers different services. They are:
- roadside assistance: in the event that your car broke down at a distance not too far from your home
- at home: this cover is useful in the case that your vehicle doesn’t start and it is close in distance to your home address
- recovery: this level of cover provides alternative sources of transportation for the driver and passengers if repair cannot be done immediately on the vehicle
- onward travel: this includes car hire services and provision for accommodation when needed
- EU: this provides breakdown cover in European countries.
Keycare cover at Lloyds Bank
Lloyds Bank offers Keycare services for a sum of £7.99 per year and with this, you get:
- £1,000 worth of cover anywhere including the european union
- a 24/7 emergency helpline
- cover for locksmith charges in the event that the lock has to be replaced
- cover for 3 days car hire
- a £10 reward paid to anyone who finds and returns your keys.
Windscreen cover at Lloyds Bank
Lloyds bank would cover the replacement or repair cost of broken glass in the windscreen or windows of your car and any scratching or damage done to the bodywork caused by the broken glass, in the event that there has not been any other form of loss or damage.
Claim on windscreen, window or sunroof doesn’t affect NCB.
Motor legal protection at Lloyds Bank
Lloyds Bank offers Motor legal protection services at a cost of £30.99 per year and in the case of any accident, provides the following services:
- cover for the lawyer’s fees
- cover for the provision of legal services
- cover for any other expenses so long as it has been agreed upon.
Hire vehicle cover at Lloyds Bank
The courtesy car option is only available with the comprehensive car insurance policy offered by Lloyds bank.
- it is only provided in the case that your car is temporarily unavailable due to a repair
- courtesy car cover is not provided in the case that the car has been stolen or written off
- the courtesy car cover is also dependent on availability and eligibility.
Personal policy injury available at Lloyds Bank
In the case of an accident, and also in the event that within 3 months, this accident leads to:
- permanent loss of sight
- permanent loss of limbs.
Lloyds bank offers the injured person (the driver or the spouse) a benefit amount.
What are the different car insurance types available at Lloyds Bank?
Besides the three level of cover mentioned above, Lloyds Bank also offers different types of insurance to fit everyone’s needs.
|Multi-car or fleet insurance|
|Telematics or black-box policy|
|Classic car insurance|
|Temporary car insurance|
|Learner driver car insurance|
|Business car insurance|
|No Claim Bonus|
You want to know more about this car insurance types? check out our guides!
How much does Lloyds Bank car insurance cost?
You might be aware of the fact that there are certain situations where your car insurance policy premium may be drastically high. An example of this case is if you are a young driver.
You’ll find below indicative car insurance quotes at Lloyds Bank:
|18 years old||£100,82|
|40 years old||£41,58|
|60 years old||£30,66|
Costs of Lloyds Bank insurance car policies vary widely based on different factors such as:
- The driver’s age
- The date on which they received their driving licence
- The type of car
- Expected repair costs if the car is damaged
- The performance, safety and security of the car
- The driver’s address and how busy the streets in the neighbourhood are
- Who drives the car (any additional driver on the policy)
- The driver’s record of accidents and claims (number of injuries, No Claim Bonus etc.)
- Insurance taxes.
The higher risk you represent, the more expensive your policy will be.
What are Lloyds Bank discounts on car insurance?
You must know that different discounts are often available when you subscribe to a car insurance policy. Whether you are new to the company, a new driver, or you have been driving safely for years, you can often get discount rates to reduce your insurance premium.
Discount vouchers are available for online customers. Also, there is a 10% discount offered on your first year of car insurance as a Lloyds bank customer.
|Discounts||A 10% discount is offered on the first year of your car insurance policy as a Lloyds bank customer.|
If you want to get a cheaper car insurance policy, another good way to do so is to never auto renew and always compare car insurance quotes.
It is possible to save on your car insurance, check out our 13 tops tips to cut your insurance premiums and start saving!
What are Lloyds Bank auto insurance policies detailed?
Lloyds Bank multi-car insurance
For Lloyds Bank, the multicover option is only available for business vehicles and it is called the fleet insurance policy. Different drivers and cars can be added to an insurance policy. The cover is provided for businesses that need to insure 3 or more vehicles. Also, just one policy is needed to cover the rest of the vehicles.
Lloyds Bank coverage abroad
Lloyds Bank offers 60 days of European Union Cover at the same level of cover offered in the UK. The countries include:
Andorra, Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands?
Lloyds Bank business car insurance
For Lloyds Bank, a business cover option is provided and it offers a multi cover policy which is called the fleet insurance policy. The cover is useful for businesses that need to insure 3 or more vehicles. Also, just one policy is needed to cover the rest of the vehicles.
Lloyds Bank van insurance
Lloyds Includes 10% discount for van insurance if the driver is eligible. The services offered are:
- 24/7 emergency claims helpline
- guaranteed replacement van cover is offered for free for the first 12 months
- £7,500 cover for tools and van contents is provided
- motor legal protection is also offered on all policies.
Lloyds Bank No-Claim Bonus (NCB)
A No-Claim bonus is a reward that you get from driving during a long time (at least one year) without making any claim. The more years you drive without claims, the higher your NCB rate gets hence the higher the discount on your insurance premium.
With Lloyds, you get a discount of up to 60% if you have eight or more claim-free years.
How does a claim affect my No-Claim Bonus?
The No Claims DIscount is not affected by payments for emergency treatment fees, and claims where the driver was not at fault.
At Lloyds Bank, your NCB will not be affected until a certain limit:
NCB protection claims (number per year): 2 claims in 3 years.
What are Lloyds Bank car insurance policy excess and limits?
This table sums-up Lloyds Bank car insurance policy excess and limits.
|At Lloyds Bank|
|Interest charged by payment installments|
|Uninsured driver NCB benefit||No|
|Loss or theft of keys limit||£1000|
|Accidental damage excess||£200|
|Personal belongings limit||£200|
|Audio equipment limit|
|Medical expenses limit|
|Liability limit for property damage||£20 000 000|
|Legal expense limit||£100 000|
|Windscreen replacement excess||£75|
|Courtesy car benefit|
|Courtesy car limit|
Duration of repair
|Driver under 21 excess|
|Coverage abroad limit|
How to contact Lloyds Bank auto insurance?
Lloyds Bank contact phone number
You will find all important phone numbers to contact Lloyds Bank car insurance:
|Contact number||Opening hours|
0344 209 0477
24 hours, 7 days a week
Motor Legal Protection Claims
0330 018 1665
24 hours, 7 days a week
Windscreen Repair Cover
0330 018 7503
24 hours, 7 days a week
0345 303 4002
Monday – Friday 8am-9pm
0344 209 0476
0330 018 1403
What are Lloyds Bank contact details?
This contacts will allow you to contact Lloyds Bank quickly and efficiently:
|Contact details of Lloyds Bank|
|Customer account with Lloyds Bank login|
|Social media||Facebook, Twitter, YouTube|
You can also contact them by mail by writing to Lloyds Bank car insurance:
Lloyds Bank Car Insurance
25 Gresham Street,
London EC2V 7HN.
How to claim at Lloyds Bank?
You can make a claim by calling Lloyds Bank’s claims department.
|Claim by phone|
0344 209 0477
How to cancel Lloyds Bank car insurance?
Since car insurance is a legal requirement, Lloyds Bank as well as other insurers will renew your contract automatically at the expiry date without any notification from your side.
For the same reason, if you cancel your car insurance policy, you must sign up to a new one immediately.
Before your contract comes to an end, Lloyds Bank must send you a renewal notice within 14 to 21 days before the anniversary date of your contract.
After sending you the renewal notice, they will automatically renew your insurance contract. You will therefore have 14 days (what we call the cooling off period), to cancel the new contract at reduced cancellation fees.
Other fees may apply if you make some alterations to your contract or if certain events occur during your contract’s operation.
The table below provides more details on modification and cancellation fees charged at Lloyds Bank:
Cancellation fees during cooling off period: £20
|Cancel by phone|
0344 209 0476
You would need to have various documents ready such as your policy number (right hand corner of your documents), your bank details, and your payment method in case there are cancellation fees.
Lloyds Bank could also refuse to cover your car any longer if you don’t pay for your premiums within the time allocated, or if they find out that you omitted important information that was required by the company such as your driving experience or you if have committed a fraud of any kind. This act is known as ‘fronting’.