LV car insurance review

Offering insurance for close to two centuries, LV (stylised as LV=) is a provider offering third party, fire and theft and comprehensive car insurance.

Alongside its motor policies, LV also offers travel insurance, pet insurance, and home insurance. You can even receive a discount if you bundle together your LV home and car insurance.

Read on for our LV car insurance review, including what cover it offers, how to make a claim, and what customers think of its service.

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What car insurance cover is offered by LV?

Third party, fire and theft

With LV’s third party, fire and theft insurance, you’ll be covered for:

Injuries to other people: if you injure a third party in an accident, your LV car insurance will cover the costs
Damage to other people’s property: if you damage someone else’s property in an accident, LV will cover up to £20 million in costs
Fire damage: if your car is damaged in a fire, you can make a claim
Theft: if your car is stolen or damaged in an attempted theft, you can make a claim with LV
Manufacturer-fitted in-car equipment: if any equipment fitted in your car at the time it was made is damaged in a fire or attempted theft, or is stolen, you can get it replaced
Aftermarket in-car equipment: if any equipment fitted after your car was made is stolen or damaged in a fire or attempted theft, you can claim up to £1,000
European cover: you’ll have the same level of cover you’ve taken out while driving in Europe for up to 180 days
Driving other cars: if you are eligible, you can drive other cars with third party cover only

Comprehensive

With LV’s comprehensive car insurance, you’ll be covered for everything included with third party, fire and theft, as well as:

Accidental damage to your car: if you’re in an accident, you can make a claim with LV comprehensive insurance
Manufacturer-fitted in-car equipment: as well as in the event of fire or theft, you can claim for any in-car equipment fitted when your vehicle was made if it is damaged in an accident
Aftermarket in-car equipment: you can claim for any in-car equipment fitted after your vehicle was made if it is damaged in an accident, as well as fire and theft, up to £1,000
New car replacement: if you car is written off, and it’s less than 12 months old, then LV will provide you with a like-for-like replacement
Medical expenses: you can claim up to £250 per injured person following an accident
Personal accident: as standard, you have personal accident cover up to £10,000 with LV comprehensive car insurance
Road rage: if you, your partner, or any other named drivers are assaulted following a car accident, you can claim up to £500
Aggravated theft: if you, your partner, or any other named drivers are assaulted during an aggravated car theft, you can claim up to £500
Misfuelling: if you use the wrong fuel in your car, you can claim for it to be drained and flushed, alongside any required engine repairs
Windscreen repair: you can claim for both your windscreens and window glass if they need to be repaired
Personal belongings: you can claim up to £300 for any personal belongings lost or damaged due to an insured event
Onward travel: if you can’t drive your car after an insured event, are more than 25 miles from where you started, and need overnight accommodation, you can claim up to £500 in hotel expenses or alternative transport costs
Key cover: you can claim for associated costs if your keys are lost or stolen, as long as they weren’t in your car or the immediate proximity of your vehicle
Child car seats: if your car is in an insured event, you can get a replacement child car seat, even if it looks undamaged
Uninsured driver promise: if you’re in an accident with an uninsured driver, and it’s not your fault, you won’t have to pay your excess and your no-claims bonus won’t be affected
Vandalism promise: if your car is vandalised, you won’t lose your no-claims bonus as long as you report it to the police and provide LV with a crime reference number

Other LV car insurance policies

Alongside its main policies, LV also offers the following:

Multi-car insurance: with LV’s multi-car insurance, you’ll save 12.5 per cent on every car you add to your policy
Electric car insurance: LV’s comprehensive electric car policy includes recovery if you run out of charge, cover for your charging cable, wall boxes, adaptors and battery in the event of an accident, fire, or theft, and electric charger liability cover in case your cable causes an accident
Learner driver insurance: you can add learner driver cover to an existing LV car insurance policy

LV car insurance policies at a glance

Conclusion

There’s not a huge amount of choice when it comes to LV car insurance. Yet, with a five-star rating for its comprehensive cover from Defaqto, and the best Trustpilot score of the UK’s biggest providers, this simplicity has potentially worked in its favour.

This relatively limited array of polices does mean, however, that none come with benefits such as breakdown cover or motor legal protection as standard. They can only be added as optional extras.

You can also receive a 10 per cent discount if you combine your car insurance with LV home insurance, and a 12.5 per cent discount per vehicle with its multi-car policy.

Frequently asked questions about LV car insurance

What does LV insurance stand for?

LV stands for Liverpool Victoria, a name that goes back to 1843, when the company was known for its ‘penny policy’ life insurance.

Who owns Liverpool Victoria car insurance?

LV, or Liverpool Victoria, car insurance is part of Allianz Holdings PLC alongside its short-term sister-brand Flow car insurance.

Senior Finance Writer

Connor Campbell is an experienced personal and business finance writer who has been producing online content for almost a decade.

Connor is the personal finance expert for Independent Advisor, guiding readers through everything they need to know about car insurance and home insurance. From how much it costs to the best insurance providers in the UK, he’s here to help you find the right policy for your needs.

In his capacity as writer and spokesperson at NerdWallet , Connor explored a number of topics close to his heart, such as the impact of our increasingly cashless society, and the hardships and heroics of British entrepreneurs. His commentary was featured in sites such as The Mirror , the Daily Express and Business Insider .

At financial trading firm Spreadex, meanwhile, his market commentary was featured in outlets such as The Guardian , BBC , Reuters and the Evening Standard .

Connor is a voracious reader with an MA in English, and is dedicated to making life’s financial decisions a little bit easier by doing away with jargon and needless complexity.

Senior Editor

After growing up with a passion for writing, Molly studied journalism and creative writing at university in her home country of the United States.

She has written for a variety of print and online publications, from small town newspapers to international magazines. Most of her 10-year career since relocating to the UK has been spent in business journalism, writing and editing for admin professionals at PA Life magazine and business travel managers at Business Travel News Europe and representing those titles at conferences around the world.

Now an Editor at the Independent Advisor, Molly is an expert in a broad range of consumer topics, that include solar panels and renewables, home improvements and home insurance, and consumer technology such as home security and VPNs.

In her free time, Molly can usually be found exploring the outdoors with her husband and their young son or gardening.