Jaguar Land Rover pays drivers £150 a month for car insurance

Jaguar Land Rover will pay drivers £150 a month for Range Rover car insurance in a cost of living increase. Jaguar Land Rover has announced that it will offer a monthly insurance contribution of £150 for up to three years for some drivers.

JLR will pay cash to drivers when they buy a new Range Rover or Range Rover Sport if they are registered between May 1 and September 30, with a maximum vehicle value of £150,000. All drivers must be aged between 30 and 85, JLR said.

The offer excludes the popular Range Rover Velar and Evoque models. According to data from the DVLA, the Range Rover Sport was the fifth most stolen car in the UK last year, with 1,631 taken. This was 29% lower than in 2022. About 150,000 cars (produced since 2018) have received security software updates over the past two years, JLR said.

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JLR CEO Adrian Mardell told the company’s investors in March 2023 that “theft of our vehicles in major cities has become a problem”, pointing to London and Manchester. He noted that it was “mostly old architecture” machines at risk, hence the program to update the security software of these machines.

He said: “The national police computer shows that just 0.08 per cent of new Range Rovers – just 11 vehicles out of 12,800 vehicles that have been handed over to customers since launch two years ago – have been stolen. It’s 15 for the new Range Rover Sport.

“I’m not sure what other brand can actually claim such a high level of security and low theft.” He added: “The insurance industry is clearly not using the information from the data, which is a consistent series of dialogues and messages that we have had with that industry over the last six months. They respond very slowly to data.”