Octagon Car Insurance @ www.octagoninsurance.com

Octagon Car InsuranceOctagon Insurance Services was formed in 2009. This is a trading name of One Quote Direct Insurance Services Ltd that is part of Europa Group Ltd that is in turn a division of Brentstar Holdings Ltd. They often reference 2005 as their starting year, that is in relation to Europa’s expansion into the motor market. Octagon’s business status is headed as them acting as an intermediary. We’d consider them however to be a direct insurer. The reason being that Horizon underwrites the policy and they are part of the same group. Their current structure would be due to the insurer’s location in Gibraltar (they also need to be licensed in the UK).

Whilst Horizon underwrites the main policy, some of the optional extras are served by third parties. Just the 2 markets are served through www.octagoninsurance.com that includes car and van cover. Across each they are servicing more than 200,000 customers. The listed Octagon car insurance benefits include 90 days European cover, a courtesy car plus cover for audio & sat nav, personal belongings and your windscreen. In testing, this firm’s quotes performed very well for older aged drivers. On sample testing for a 50 year old they managed to generate top 5 prices on Compare the Market, GoCompare and MoneySuperMarket. It would be these sites that have built up much of their client base over the years.

We’ll have to see how well they perform in future searches. Customers signed up can manage their policy through the Octagon login at www.octagoninsurance.com. However, it should be noted that policy changes do take on charges. A notice states that amendments such as a change of address must be done over the phone. Their number is 0344 561 4615. Calls will need to be made between Monday and Thursday (9am/7pm), Friday (9am/6pm) or Saturday (9am/4pm). As we’re aware, an admin fee will be charged at £25. There has historically been mixed reviews seen for this company regarding document mix-ups and their support. Improvements do look to have been made in each of these departments though.