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A UK car and van insurance company with over 16,000 customers has gone into administration, leaving thousands of drivers scrambling for new cover.
Premier Insurance Calls It Quits
Premier Insurance Company Limited, based in Gibraltar, was placed into administration on October 14 after applying to the Supreme Court of Gibraltar.
- Administers Freddie White and Bradley Chadwick of Grant Thornton appointed to manage the collapse
- Stopped selling new policies in January 2025
- Existing policies will expire by January 2026 with no renewals
Customers have been warned to find alternative motor insurance immediately to avoid becoming uninsured.
What This Means for Customers
While policies remain active, some claims might not be fully covered. Drivers are urged to arrange new insurance ahead of their policy expiry to ensure they’re protected on the road.
