Is Tesco Bank a Good Insurance Company?
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Discover the methodologyYou are considering buying an insurance policy at Tesco Bank and are wondering if Tesco Bank is the best insurer for you?
You've come to the right place!
In the below guide you’ll find everything you need to know about Tesco Bank: expert and consumers reviews, insurance policies detailed, recommendation, contact and much more.
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Safe's mission is to help anyone trying to get the best value for money deal on personal insurance making the right decision. We've analyzed over 1000 insurance companies and contracts. You will find below our independent and neutral rating and evaluation for Tesco Bank.
Who is Tesco Bank?
Tesco Personal Finance was founded in 1997, and born from a partnership between the Royal Bank of Scotland and Tesco plc.
The company is specialized in providing car and home insurance as well as other banking products.
Tesco Bank's insurance policy is underwritten by a panel of leading UK insurers such as Tesco Underwriting Ltd, Aviva Insurance, AXA Insurance, Sabre Insurance, and Zenith Insurance.
What are the main insurance policies available at Tesco Bank?
Let's discover below main insurance policies offered by Tesco Bank.
| Safe overall rate | Our reviews | |
|---|---|---|
| Car insurance | Get to know more | |
| Home insurance | Get to know more | |
| Pet insurance | Get to know more |
Tesco Bank expert and consumers reviews: Defaqto, TrustPilot
Tesco Bank is regularly audited by Defaqto expert rating. Defaqto ranks each company as well as policies with scores of 1 to 5 stars. Cover details, admin fees, value for money, claim and complaint process and more are analyzed and weighted.
Consumers, on the other hand, can write down their opinions on independent websites such as TrustPilot, Reevoo or Reviews which give great insights on claim process and refund as well as customer service at Tesco Bank.
| Defaqto | |
|---|---|
| Car insurance | 5 |
| Home insurance | 5 |
| Pet insurance | Extra Cover (£4,000 Vet Fees): 5 stars |
Is Tesco Bank a good car insurance company?
4,1 Safe overall rating for Tesco Bank car insurance
Tesco Bank offers 2 types of car insurance: Tesco Bank Box Insurance targeted at drivers between the age of 17 and 35 and Standard Car Insurance targeted at drivers over the age of 21.
The Tesco Bank Box Insurance comes a fully comprehensive cover with several benefits as standard such as Windscreen Cover, Abroad Cover, Courtesy Car, Child Seat Cover, Legal Expense Cover, etc.
The Standard Car Insurance is available across 2 levels of cover: Comprehensive and Fire, Theft and Third Party.
Extra optional covers available are Key Cover, Breakdown Cover, Upgraded Courtesy Car Cover, and Driver Injury Cover.
We would recommend this insurance cover to any young driver looking to lower their premium or any driver looking for a good standard car insurance deal.
In addition to typical car insurance coverage choices, Tesco Bank offers, among other options:
Breakdown cover
Tesco Bank has partnered with RAC (An automotive repair service company) to offer 4 levels of Breakdown Cover to their customers:
Tesco Value Breakdown Cover: this includes the following benefits:
- Roadside assistance in the event of a breakdown that is happens more than 1/4 mile from your home address
- Towing services for your vehicle up to a 10 mile radius from breakdown site in the event that you vehicle cannot be fixed on the roadside.
Tesco Standard Breakdown Cover: in addition to the benefits that come with Tesco Value Breakdown Cover, you're covered for breakdown assisstance at your home address or anywhere within a 1/4 mile from your home.
Tesco Finest Breakdown Cover: in addition to the benefits that come with Tesco Value and Standard Breakdown Covers, you also get transport of your vehicle and up to 8 people to any single destination of your choice within the UK, alternative transport for 1 day or overnight accommodation.
Tesco Euro Plus: this covers all the benefits that come with Tesco Value, Standard and Finest Breakdown Covers in the UK and Europe.
Windscreen cover
- Windscreen Cover is available as standard in the comprehensive level of cover of the Standard Car Insurance as well in the Tesco Bank Box Insurance.
- It covers repair or replacement of broken or chipped windscreens or windows only. Claims on windscreen does not affect NCD.
- Cover is unlimited unless you opt to get it fixed at an unapproved repairer. In that case, the limit is as the following: standard Car Insurance: £125 for replacement, £40 for repair / Tesco Bank Box Insurance: £200 for replacement, 50 for repair.
Motor legal protection
Up to £100,000 to cover for legal costs and expenses when pursuing for compensation after an incident that wasn't your fault available as standard.
Personal injury policy
Up to £140,000 covered in personal injury policy upgrade.
Besides main car insurance coverage, you can also get extra car insurance options at Tesco Bank. Get to know more, read our complete review on Tesco Bank car insurance.
Is Tesco Bank a good home insurance company?
4,2 Safe overall rating for Tesco Bank home insurance
Tesco only provides one level of home insurance.
The website is well organized, very documented. The customer portal allows any customers to fully manage policies and claims online. Besides different landlines numbers are available.
However, the company is only rated 1,4 out of 5 on Trustpilot, which means customer service must be poor when it comes to getting compensation or assistance for serious claims.
Limits provided under building and contents insurance are good. In overall, we would recommend this policy and advise customers to manage everything from the Tesco website and Your Insurance Account.
Tesco Bank building insurance
You will find below building main insurance details for the Home Insurance cover at Tesco Bank:
- Maximum sum insured for your property: Unlimited
- Owner's liability: £2 000 000
- Alternative emergency accomodation: £50 000
- Period of home's unoccupancy cover: 60 days
- Trace and access: £5 000
- Keys cover: Unlimited
- Subsidence excess: £1 000
Alongside building insurance, you can get additional cover such as:
| Home building insurance extras | |
|---|---|
| Home emergency |
|
| Boiler cover |
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| Family legal protection |
|
Tesco Bank contents insurance
You will find below contents insurance details for the Home Insurance cover at Tesco Bank:
- Maximum sum insured for your contents: £100 000
- Alternative emergency accomodation: £15 000
- Single item limit: £30 000
- Contents in the open: £1 500
- Contents in outbuildings: £100 000
- Money / credit card kept at home: £500 / £500
- Items temporarily removed from home: £10 000
Alongside contents insurance, you can get additional cover such as:
| Home contents insurance extras | |
|---|---|
| Accidental damage cover | Available as extra |
| Personal possessions cover |
|
| Mobile cover |
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| Bike cover |
|
Standard excess to report a claim at Tesco Bank is £100.
You will find exhaustive cover details, administration fees, contacts etc. on Tesco Bank home insurance on our review below.
>> MORE: read our complete review on Tesco Bank home insurance.
| Life insurance criteria | |
|---|---|
| Minimum age | |
| Maximum age | |
| Pay-out | |
| Extras | |
| Terminal illness |
Is Tesco Bank a good pet insurance company?
3,9 Safe overall rating for Tesco Bank pet insurance
Tesco Personal Finance was founded in 1997, and born from a partnership between the Royal Bank of Scotland and Tesco plc. The company is specialized in providing car and home insurance as well as other banking products.
Tesco Bank Pet Insurance is arranged, administered and underwritten by Royal & Sun Alliance Insurance plc.
Tesco Pet Insurance has four levels of cover:
Premier: It is a Lifetime policy which includes £4,000, £7,500 or £10,000 for vet fees, in the UK or abroad; dental cover (for accident, illness and injury); £1,500 cover for death from accident or illness; £200 if your pet needs to be buried or cremated.
Extra: This cover option includes £4,000 or £7,500 for vet fees, in the UK or abroad; dental cover (for accident only); up to £1,500 cover for death from accident or illness; up to £200 if your pet needs to be buried or cremated.
Standard: This includes £3,000 for vet fees, in the UK or abroad; dental cover (for accident only); up to £1,500 cover for death from accident or illness; up to £200 if your pet needs to be buried or cremated.
Accident and Injury: This includes £3,000 for vet fees, for accident or injury only.
All cover options offer access to a 24/7 Vetfone advice line and also helplines for pet bereavement counselling and legal advice.
They have a low rating of 1.9 on Trustpilot but most of their insurance services have a 5 star Defaqto rating. Their insurance services are recommended as they have a high financial capacity to pay out claims.
What does Tesco Bank pet insurance cover in a nutshell?
Tesco Bank provides the 4 types of pet insurance cover: Accident only, Time limited, Lifetime and Maximum benefit. Covers available are as follows:
Accident Only:
- £3,000 per accident for 12 months from the first date of treatment
- £4,000 vet fees in total per policy year - Limits reinstated on renewal
Lifetime:
- £7,500 vet fees in total per policy year - Limits reinstated on renewal
- £10,000 vet fees in total per policy year - Limits reinstated on renewal
Maximum Benefit:
- Per Condition Limit of £4,000 - No time limit on how long payments will be made as long as you renew your policy with no break in cover.
- Per Condition Limit of £7,500 - No time limit on how long payments will be made as long as you renew your policy with no break in cover.
Time Limited: Per Condition Limit of £3,000 for 12 months from the first date of treatment
>> MORE: read our complete review on Tesco Bank pet insurance.
Tesco Bank discount codes, promos and vouchers
| Discounts and promo codes available | |
|---|---|
| Car insurance |
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| Home insurance |
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| Pet insurance | A 20% discount is given to new customers when they buy an insurance policy online. |
How to contact Tesco Bank?
Find out how to contact and log in to Tesco Bank on our contact page.
