Get a car quote with Quotezone.com
- Compare up to 95 UK car insurance providers
- Get instant quotes and instant cover
- Switch with minimal effort
Principal Insurance car insurance review
Is your modified, classic or kit car making it hard to find affordable car insurance? Here's our lowdown of the car insurance policies offered through Principal Insurance.
Are you in need of specialist car cover because of your specialist car? We’ve looked into the different policies that Principal Insurance offers as well as some of the key benefits. This insurance broker claims to be able to find the right cover for you, even if you have a classic, prestige or high-performance car. It can also offer multi-car or multi-vehicle policies. Here’s what else you need to know.
What's in this guide?
What is Principal Insurance?
Principal Insurance is a specialist car insurance broker that was established in 2011. As well as a range of car insurance products, it also offers cover for motorbikes, vans, motorhomes, homes and businesses among others.
Principal Insurance tailors its car insurance for owners of classic, modified, prestige, high-performance and kit cars. It also has policies for young drivers and those with motoring convictions.
What are Principal Insurance’s levels of cover?
Third party.
Third party cover is the minimum level of cover that Principal Insurance offers. All drivers in the UK are legally obliged to have at least this insurance. If you are responsible for causing an accident, you’ll be covered for damage to third-party vehicles or property. However, it won’t cover any damage to your own car.
Third party cover is the minimum level of cover that Principal Insurance offers. All drivers in the UK are legally obliged to have at least this insurance. If you are responsible for causing an accident, you’ll be covered for damage to third-party vehicles or property. However, it won’t cover any damage to your own car.
Third party, fire and theft (TPFT).
This provides the same level of cover as third party but will also offer protection against any fire damage to your car or theft of your car.
This provides the same level of cover as third party but will also offer protection against any fire damage to your car or theft of your car.
Comprehensive.
This is the highest level of cover available. It gives the same protection as the other levels as well as insuring your vehicle against accidental damage and vandalism. It can be cheaper than third party or TPFT, so it’s always worth checking.
This is the highest level of cover available. It gives the same protection as the other levels as well as insuring your vehicle against accidental damage and vandalism. It can be cheaper than third party or TPFT, so it’s always worth checking.
What are Principal Insurance’s different policies?
- Private high-value car insurance
- Classic car insurance
- High-performance car insurance
- Prestige car insurance
- Kit and replica insurance
- Multi-car insurance
- Specialist car insurance
- Multi-vehicle insurance
- Ford ST car insurance
What is covered under my policy?
| Cover benefits | Third party | Third party, fire and theft | Comprehensive |
|---|---|---|---|
| Liability to other people and property | ✓ | ✓ | ✓ |
| Fire and theft | ✓ | ✓ | |
| Accidental damage | ✓ | ||
| Motor legal cover | ✓ | ✓ | ✓ |
| Windscreen cover | ✓ | ||
| EU cover of at least 30 days | ✓ |
Beyond the standard cover benefits above, any other benefits to your insurance policy will vary depending on the insurer that is able to provide the cover through Principal Insurance.
Check your policy details carefully to ensure you have the right cover for your needs.
Optional extras
Principle Insurance can provide add-ons to your policy, including the following:
- Legal expenses
- Breakdown cover
- Excess protection
- Key cover
- Guaranteed vehicle hire car
- Licence defence cover
What policy exclusions are there?
Your cover through Principal Insurance is likely to become invalid if any of the following arises:
- Your car is being driven by an unnamed driver on your policy or by a person that does not have a valid driving licence.
- Your car is used for rallies, races or competitions.
- You fail to pay for your premium.
- You change your car during the policy term to a car that the insurer cannot cover.
- You do not provide the correct documents to support your application.
The insurer that offers you the policy through Principal Insurance may also have its own set of exclusions. Check your policy for further details to confirm your cover is valid at all times.
How do I make my claim?
Call the Principal Insurance claims line on 0330 024 1376. You can also visit the Principal Insurance website and complete the claims form.
Principal Insurance recommends you have the following information to hand in order to make a claim:
- Personal details such as your main telephone number, email address, home address, car registration number and insurance policy number
- All details about the incident
- Names and contact details for everyone involved, such as third parties, witnesses and passengers
It’s vital that you let your insurer know about an incident as soon as possible, even if it’s not your fault. Failure to do this could result in a rejected claim.
What is my excess?
Your insurance excess is the amount of money you have agreed to pay towards a claim. Your insurer won’t pay out for a claim that costs less than your excess.
A voluntary excess is normally an amount set by you when taking out a policy. You’ll have the option of adding or increasing a voluntary excess, which could in turn reduce your premium.
A compulsory excess amount might vary depending on the age of your car and your driving experience.
You’ll find details about any compulsory or voluntary excesses in your policy document.
Principal Insurance pros and cons
Pros
- Offers car insurance for non-standard cars
- New claims can be reported via the 24/7 claims line
- A range of optional extras to enhance policies
Cons
- No telematics car insurance policies are offered for high-risk drivers
The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you.
*51% of consumers could save £283.97 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2020 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.
More guides on Finder
-
Compare mobile phone insurance
Get a quote in seconds and save on your phone cover.
-
Peugeot 3008 insurance group
Find out which insurance group the Peugeot 3008 falls under and how much it costs to insure.
-
Land Rover Freelander insurance group
Find out which insurance group the Land Rover Freelander falls under and how much it costs to insure.
-
Renault Twingo insurance group
Find out which insurance group the Renault Twingo falls under and how much it costs to insure.
-
Taxi breakdown cover
Read our guide to breakdown cover for taxis and private hire vehicles to see what’s included and how much it might cost.
-
Volvo S40 insurance group
Find out which insurance group the Volvo S40 falls under and how much it costs to insure.
-
Kia Sorento insurance group
Find out which insurance group the Kia Sorento falls under and how much it costs to insure.
-
Vauxhall Viva insurance group
Find out which insurance group the Vauxhall Viva falls under and how much it could cost to insure.
-
Mazda CX 3 insurance group
Find out which insurance group the Mazda CX 3 falls under and how much it costs to insure.
-
Peugeot 106 insurance group
Find out which insurance group the Peugeot 106 falls under and how much it costs to insure.