Why Dial Direct Cancelled Car Insurance?

Many people have recently found out that Dial Direct Car Insurance has been cancelled, leaving them with questions and concerns about their policies. Dial Direct, a subsidiary of Liberty Mutual Insurance, stopped offering car insurance in the UK in March 2021, with the company citing “changes in the market” as the primary reason for the decision. This news has left many policyholders wondering what to do next and what options they have. In this article, we will discuss why Dial Direct cancelled car insurance and what you can do if you were a policyholder.

What Caused Dial Direct to Cancel Car Insurance?

The primary reason for Dial Direct cancelling car insurance is due to the changes in the market. Over the past year, the insurance industry has seen a lot of changes, from the increasing cost of insurance premiums to the increasing competition from new players in the industry. As a result, Dial Direct decided to focus on other areas of their business, such as their home and travel insurance policies.

Another factor that contributed to the decision was the competition in the car insurance market. With so many new players entering the market, it has become increasingly difficult for traditional insurers to compete. This is why Dial Direct decided to focus on other areas of their business, such as their home and travel insurance policies.

What are the Options for Dial Direct Policy Holders?

If you were a policyholder with Dial Direct, you may be wondering what your options are now that they have cancelled car insurance. Fortunately, there are a few options available to you:

Look for a new car insurance provider. There are plenty of car insurance providers in the UK, so you should be able to find one that meets your needs.
Look into multi-car insurance policies. If you have multiple cars, you may be able to get a discount on a multi-car policy.
Consider switching to a different type of insurance. If you don’t need car insurance, you may be able to switch to home or travel insurance.
Talk to an insurance broker. An insurance broker can help you find the best policy for your needs.

What to Do Next?

If you were a policyholder with Dial Direct, the first thing you should do is contact the company to find out what options are available to you. They should be able to provide you with information on how to cancel your policy and how to transfer your coverage to a new provider. It is important to remember that you may be entitled to a refund if you have paid for a policy that was cancelled.

Once you have found a new provider, you should compare the coverage and premiums of the different policies. This will help you to find the best policy for your needs and budget. You should also make sure that you read the policy documents carefully, as they will provide you with important information on the coverage and any restrictions.

Conclusion

Dial Direct's decision to cancel car insurance has left many policyholders wondering what to do next. Fortunately, there are a few options available to them, such as looking for a new provider, comparing policies, and talking to an insurance broker. It is important to remember to read the policy documents carefully and to contact the company if you have any questions. By doing so, you can be sure to find the best policy for your needs.