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The Budget Group of Companies are one of the leading
online intermediary insurers in the UK and operate under various
different brands and affinity outlets. The company was established in
1992 and is responsible for selling a range of personal products including
car insurance, van, motorbike, breakdown, travel and home
insurance.
In addition, the company has recently opted to sell a range of alternative
financial products that include life insurance and personal loans.
In 2006, it was reported that the company looked after over 1 million
customers whilst operating from various locations in the Midlands and
North East and Cape Town in South Africa. Worldwide, the company currently
services over 2 million customers enjoying a large market share in Australia
and considerable success in South Africa.
Until recently, Budget operated a number of high street branches in
the UK rivalling Swinton and other competitors, however, following a
strategic review it was decided to sell off this portion of the business
to Swinton.
Although not widely publicised, Budget operates an affinity
division responsible for administering insurance products for leading
high street
brands including none other than Marks & Spencer, Bradford & Bingley
and the Post Office. Other insurance brands owned by Budget include Dial
Direct and Bennetts who are known for their motorbike insurance.
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