List of insurers

Premium Choice works with a panel of insurers to find you the right insurance, at the right price. The tables below show the current insurance providers and underwriting agencies making up our panel.

Premium Choice insurer list

Product Main insurer or Administrator of your policy Insurance policy underwritten by Car Van Courier Specialist Vehicle Bike
Motor insurance Ageas Ageas Insurance Limited
Motor insurance ARK Mulsanne Insurance Company
Motor insurance AXA AXA Insurance UK
Motor insurance Bollington Underwriting, (Holava Underwriting, a trading name of Bollington Underwriting) Underwritten by Accelerant Insurance Ltd.
Motor insurance Blagrove Underwriting Agency Ltd Accredited Insurance (Europe) Limited
Motor insurance Bollington Underwriting Underwritten by AXA Insurance UK
Motor insurance Broker Direct Accredited Insurance (Europe) Limited
Motor insurance Covea Covea Insurance PLC
Motor insurance CPD Underwriting Solutions Ltd (an appointed representative of Broker Direct PLC) Accredited Insurance (Europe) Limited
Motor insurance Eridge QIC Europe Limited
Motor insurance ERS ERS Syndicate 218 at Lloyds
Motor insurance GEO Underwriting Aviva Insurance Limited
Motor insurance Granite Haven Insurance
Motor insurance Highway Highway Insurance Company Limited (Part of the Liverpool Victoria General Insurance Group)
Motor insurance Insenture Underwriting Zenith Insurance PLC
Motor insurance KGM QIC Europe Limited
Motor insurance Kitsune (an appointed representative of Brightside Insurance Services) Accredited Insurance (Europe Limited)
Motor insurance Liverpool Victoria Highway Insurance Company Ltd. (Part of the Liverpool Victoria General Insurance Group)
Motor insurance Markerstudy Insurance Services Limited West Bay PLC
Motor insurance Midas Ageas Insurance Limited
Motor insurance Mulsanne Complete Cover Group Limited / Hyperperformance Limited on behalf of Mulsanne Insurance Company
Motor insurance NIG UK Insurance Limited
Motor insurance Novitas Novitas Underwriting Agency Limited
Motor insurance Policyfast Underwritten by AXA Insurance UK
Motor insurance Policyfast Underwritten by NIG/UK Insurance UK Limited
Motor insurance Prestige Underwriting Services Limited Aviva Insurance Limited
Motor insurance Pukka New India Assurance Company Limited
Motor insurance Q Underwriting (also trading as TFP) Underwritten by AXA Insurance UK
Motor insurance Sabre Sabre Insurance Company Limited
Motor insurance Signature Underwriting (an Appointed Representative of Milestone Insurance Consultants Ltd.) Markerstudy Insurance Company Limited (Part of Markerstudy Insurance Services Limited)
Motor insurance Somerset Bridge Watford Insurance Company Europe Limited, Alwyn Insurance Company Limited and Southern Rock Insurance Company Limited
Motor insurance Tansar Gefion Insurance A/S
Motor insurance XS Direct Calpe Insurance Limited, Alwyn Insurance Company (Alwyn) and Watford Insurance Company Europe Limited (WICE).
Motor insurance Zenith Zenith Insurance PLC and QIC Europe Limited (part of Markerstudy Insurance Services Limited)
Motor Insurance Zurich Zurich Insurance Group Limited

Optional extras for additional products and services

ProductMain insurer or Administrator of your policyInsurance policy underwritten byCarVanCourierSpecialist VehicleBike
Legal Protection Claims ServiceOn InsuranceFinancial & Legal Insurance Company Limited 
KeycoverKeycareAgeas Insurance Limited 
Excess CoverNice 1 LimitedAXA Inter Partner Assistance  
BreakdownAutohome LimitedAutohome Limited 
BreakdownERSERS Syndicate 218 at Lloyds  
BreakdownHadleigh BreakdownTrinity Lane Insurance Company Limited  
Replacement VehicleNice 1 LimitedUK General Insurance Limited on behalf of Great Lakes Reinsurance   
Theft ProtectNice 1 LimitedUK General Insurance Limited on behalf of Great Lakes Reinsurance   
WindscreenMarkerstudyMarkerstudy Insurance Company Limited   
Goods In TransitPolicyfastUnderwritten by Aviva Insurance UK    
Goods In TransitBollington Underwriting, (Holava Underwriting, a trading name of Bollington Underwriting)Underwritten by Accelerant Insurance Ltd.    
Goods In TransitBollington UnderwritingUnderwritten by AXA Insurance UK    
Goods In TransitBollington UnderwritingUnderwritten by Ageas Insurance UK    
Public LiabilityPolicyfastUnderwritten by Aviva Insurance UK    
Employers LiabilityPolicyfastUnderwritten by Aviva Insurance UK    

Insurance Companies can be either rated or unrated. There are benefits and disadvantages to both, so it is best to be aware of the facts before you decide which type suits you and your situation best.

What is an unrated insurer?

There are several high-profile international ratings agencies, who assess the financial stability of insurers and other financial institutions. The most well known are Standard & Poor’s, Moody’s, Fitch and A.M. Best. Where an Insurer has chosen not to be assessed, they do not receive a rating and therefore are classed as “Unrated.”

Each agency has its own method of scoring, but the ratings are usually based on letters, to indicate the degree of credit risk posed. For example, an “A” rating means the insurer has access to plenty of credit and therefore easily able to meet claims. “C” rating indicates that the Insurer has poor ability to meet outstanding claims.

There is no legal requirement for an insurer to be rated and brokers are not restricted to only doing business with rated insurers. Although Premium Choice’s preferred option is to use rated insurers, in some situations, it may be in your interests to be offered rates from unrated insurers.

Both rated and unrated insurers are capable of going bust, however unrated insurers have a higher risk of failing.

Why do we offer policies from unrated insurers?

Sometimes, these policies may be the most appropriate to you and your circumstances;

  • They may offer a very competitive and attractive premium.
  • Sometimes, we may have no other option other than to offer you a policy from an unrated insurer.
  • Some unrated insurers have been dealing in the UK for several years and are deemed to be less risky.
  • Their reputation may be supported by the Financial Conduct Authority, who themselves also authorise rated insurers.

What are the disadvantages of using an unrated insurer?

  • Unrated Insurers are at a higher risk of becoming insolvent and not being able to pay out on claims.
  • They may lack the appropriate levels of financial stability.
  • Some unrated insurers, many of whom are based in European countries, are not subject to the same solvency test and regulations as UK based insurers.
  • The unrated insurer my be difficult to contact directly should an issue or a concern about a policy arises.
  • Claims payments may be delayed.

The Financial Services Compensation Scheme

The scheme is designed to protect policyholders when UK – based insurance companies and other financial institutions become insolvent. The FSCS may pay some claims that a failed unrated insurer cannot meet, but will not offer 100% compensation in every case. For more information, visit https://www.fscs.org.uk/.