RIAS have announced they have launched a new protection policy plan that will be sold on top of any car insurance policy taken out by consumers.

The over-50s insurance provider went on to state that any motorists who purchase car insurance from them and decided to also obtain the excess protection policy on top, will be reimbursed for any payment over the amount over the excess should a claim be made.

The protection cover will provide prospective customers with an excess amount of up to £300, and is available to all, existing and new.  The company reiterate that the cover will not be any more than 25p extra a week.

Janet Conner, Managing Director of RIAS, said: "What makes this product so attractive to customers is that policyholders can be secure in the knowledge that they will get their excess back, even if they were responsible for the accident."