Tesco Finance warns on car insurance prices

Tesco Finance has issued a warning to drivers over the price of their car breakdown insurance.

The company reports that a massive £663 million is being overspent on car breakdown cover.

Tesco Finance suggests that the reason for the figures is that UK drivers are not looking beyond the traditional vehicle recovery providers.

According to research issued Britain's largest supermarket bank, over 8.2 million people could be affected by high prices.

Car breakdown cover is traditionally provided by the AA, who have 6.6 million subscribers and RAC, who have an estimated 2.2 million, but Tesco suggests that customers should be fully researching other options in the market.

Allan Burns, head of car breakdown cover at Tesco Personal Finance said: "This is a highly competitive market. Most drivers look for the best combination of quality and cost from their car insurance provider, and they should expect exactly the same from their car breakdown cover."

"Customers should look for a great price as well as quality of service, and it is readily available."

He added: "The traditional players in the market place are not the only providers to offer both. By shopping around consumers will see they now have far greater choice of quality and value."