John Lewis Money, the financial services arm of UK retailer John Lewis Partnership, has relaunched its car insurance offering.

The company, which operated under a single-carrier arrangement (Covea), will now act as a broker and give consumers more options with two additional insurers – Ageas and AXA.

As a result of the expanded network, John Lewis Money will be able to insure a wider range of cars, including electric vehicles as well as higher value cars. The company also partnered with the RAC and ARAG to give customers access to breakdown cover and legal protection.

John Lewis Money announced it had become a licensed insurance broker in March this year and it relaunched its home insurance offering shortly after.

“Becoming an insurance broker has been a step change to our business, and is already driving more competitive quotes for our home insurance customers. We’re excited to launch this model across our car offer, and have partnered with trusted names in the sector to deliver for customers.” – Gary Davess, Director of Insurance for John Lewis Money.