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Car insurance is something that legally we have to have to take a car out on the roads. It can sometimes seem to be an expensive waste of money. Especially if you never claim, and drivers often feel frustrated. Of course, there are very good reasons why we have to have insurance, and if you need to make a claim, the relief you will feel when the bills are paid is immense. But what if choosing car insurance could be about more than just a reasonable price?
Disclosure – this is a collaboration post
That is where social value comes in. Companies supporting good causes means that their customers not only get competitively priced insurance but get to help their local community.
What is Social Value?
Social value is a commitment to causes within the local or national community. The company chooses to support a range of amazing charities, and with every policy they sell the more they are able to do. This means your car insurance premiums are making a difference to people in need as well as meeting your legal obligation.
Currently, one such company, car.co.uk is working hard to support charities that redistribute food to support community groups. Provide employment training in HMP Academies, significantly reduce crime and reoffending rates and create supported living services for people without homes. They turn business into giving back to the community and believe that they have an obligation to be socially responsible. If this model was adopted by every single business imagine the impact it could have on charity work across the whole of the UK.
What Impact Does Social Value Have?
It is easy to say that a company adds social value, but we believe that they should also be able to provide details of what they have done. This company is transparent and recorded data from every charity and support group they have worked with. We were staggered by the success they have had over the last three years.
You probably had no idea that insuring your vehicle could have such a fantastic knock-on effect. Still, they have supported 180 community groups who deliver meals to those who need them. And they have worked to support the establishment of 11 HMP Academies who will help to reduce reoffending rates by working with prisoners and ex-prisoners.
One of the supported charities has been able to move 24 people out of supported housing and into independent living. All of this adds up to a 17.3-million-pound saving made to taxpayer-funded services. Just from car insurance!
So, if you are looking for something extra to make your legal obligation feel more worthwhile. Have a look at car insurance from a company that offers social value. They seem to have really competitive prices, so you do not have to spend more to support your local communities.
With car.co.uk all of the policies start the cover from day one with no waiting period. The breakdown is always included, and there is no limit to the number of repairs that you need making them worth a look.