3-YEAR FIXED PRICE CAR INSURANCE

To support you in your understanding of what these terms and conditions could mean for you, we have provided some examples and explanations of scenarios which could impact your cover under terms 5 and 6. The examples do not cover every type of scenario, but we believe they should help you to understand these terms and conditions.

If you have any questions regarding these terms and conditions, please contact Saga on: 0800 015 4752.

1. Saga’s 3-year fixed price is offered to you for a 3-year period and is subject to these terms and conditions. Your total price (including the arrangement fee and the price of any additional cover options taken out at the start of your 3-year fixed price period) is the price at which your policy will be set.
2. The 3-year fixed price applies to a policy taken out at the start of the 3-year fixed price period and renewed annually for the following two years. You may cancel your policy at any time, in accordance with the terms of your Policy Book, and your 3-year fixed price will end. On cancellation, the arrangement fee is non-refundable; however, no cancellation fee will be charged.
3. During the 3-year fixed price period, if Saga is able to offer you a lower price than the price provided to you at the start of your 3-year fixed price period, then the lower price would apply for any remaining renewal periods.
4. The price of your insurance may change during the 3-year fixed price period if:
   1. You make any changes to your policy or change your cover options at any time. If any change you make leads to a change in the price of your policy, this price change will take effect at the time that you make the change and will continue for any remaining renewal periods.
   2. You are convicted of a motoring offence, or you make a claim where your insurer is unable to recover costs from a third party. Your price will not be affected by claims we have accepted as vandalism, uninsured driver, hit whilst parked, theft, fire, storm, flood, animal damage or claims for broken glass in your vehicle’s windscreen, windows or sunroof under Part 3 of the ‘loss or damage’ section of your policy. If a claim or conviction leads to a change in the price of your policy, this price change will not take effect until the next renewal after the claim or conviction and will continue for any remaining renewal period.
   3. There is a change to Insurance Premium Tax (IPT). Any change in IPT will be included in the insurance price for any subsequent renewals during the 3-year fixed price period.
5. Your 3-year fixed price with Saga means the price of your policy will stay the same, subject to these terms and conditions. Your insurance cover is provided by the Underwriter and follows the terms in your Policy Book, Schedule, and any Endorsements (extensions or restrictions to your policy – see examples below).
   The terms of your insurance policy may change during the 3-year fixed price period. Any changes will be shown in your Schedule. In the unlikely event this happens, it will only be when you make a claim, or your circumstances change significantly (see examples below). The Underwriter may then add a new condition (something you need to do to stay covered), an exclusion (something that’s no longer covered), or a change to your excess (the first part of any claim that you must pay). If this happens, these changes will be communicated to you at the time you make the change to your policy, or for changes effective from renewal, these will be sent to you in writing around 21 days before your renewal date. If the new terms do not meet your needs, you have the option to cancel your policy and obtain quotes from other insurers. You will not be charged a cancellation fee.
6. In very rare cases, significant changes to your circumstances (see examples below), changes to Underwriters’ risk criteria or unfavourable insurance market conditions which materially affect the risk of insuring you, may mean that Saga cannot find an Underwriter who will cover you. If this happens, we will be unable to offer you insurance and your 3-year fixed price will end.
7. The Saga 3-year fixed price is not available with our Standard or Select cover levels.
8. The Saga 3-year fixed price is provided by Saga Services Limited (Saga), a company registered in England with registered number 732602, whose registered office is 3 Pancras Square, London N1C 4AG. Saga is authorised by the Financial Conduct Authority. The Saga 3-year fixed price is offered to you by Saga and not by the panel of insurers that underwrites your insurance policy.

Examples

Endorsement – An endorsement is an extension or restriction to your policy cover. An endorsement can include:

1. An exclusion – things your policy will not cover. Examples of this might be if your vehicle has alloy wheels that do not have locking wheel nuts, you may not be covered for theft of your alloy wheels.
2. A condition of cover – existing policy cover remains in place, but there are things you must or must not do to remain fully protected. Examples might be having a high-risk vehicle, which means the Underwriter may require you to have an approved security device active on your vehicle, or to keep your car in a locked garage overnight when it’s at home and you’re not using it.

Significant changes to your circumstances may include:

• changing your vehicle or moving house
• making multiple claims; or
• being charged with a serious driving conviction.

The above list does not cover every scenario and is there to provide you with some examples that may apply. These examples will not always be classed as ‘significant changes’; this will depend on your individual circumstances.