Tesco Bank, besides its banking products, offers a range of insurance cover and here at Fairer Finance, we currently have ratings for its life, car, home and travel insurance.
Tesco’s insurance is underwritten by a panel of various insurers, and some policies will come with a discount if you hold a Tesco Clubcard.
Tesco Bank’s car insurance has good customer happiness ratings and a good score for handling complaints pulling them into the tier of Gold Fairer Finance Ribbon winners. Its life insurance, which is provided by Aviva, has a good transparency score, which means that it, too, receives a Bronze Fairer Finance Ribbon.
Its travel insurance goes a step beyond to pick up a Gold Fairer Finance Ribbon. This is thanks to a relatively good happiness score, and a strong performance in transparency. It’s a similar story for its home insurance, where again a good handling of complaints helps it achieve a Gold Fairer Finance Ribbon. There is still room for improvement in the customer trust department, but Tesco is definitely a brand on the up.