RAC plc began its corporate existence as the Royal Automotive Club, competing with the Automotive Association for members around the turn of the 20th century. With services that started out as a fuel purchasing consortium, and eventually expanded to a series of roadside telephones, and eventually a road and automotive rating company, the Royal Automotive Club found that it had diversified into accident and automotive insurance.

By the early twentieth century, the financial services arm and the automotive advocacy organizations were thriving, and in the 1930s, the Clubs services and road side assistance were offered across the entirety of Britain. The Club began sponsoring several events and doing promotional ventures in the 1960s, including sponsoring stock automotive races and team racing sports.

In 1999, after over a century of growth into new areas, the board of directors of The Royal Automotive Club’s motoring services (with the famous bright orange roadside service vans) decided to sell the auto and financial services business to Lex Services, which renamed itself the RAC plc to capitalize on the brand. (The Royal Automotive Club still continues to this day as an advocate for motorists.)

Later, in 2005, RAC plc was bought out by Norwich Union Insurance, which expanded them into home owners and business vehicle insurance.

RAC Loans

RAC plc’s services primarily cover RAC automotive loans and automotive insurance, with the former in the realm of 7% APY. They have recently begun to branch out, offering home owners insurance and RAC remortgages to their customers, and are renowned in the UK financial sector for their innovative bundling of RAC loans and insurance products, tailored to the somewhat eclectic existing consumer base they have.

Interestingly, among British auto insurers, they are the only one with its own windshield factory, directly cutting their costs on repairing and placing damaged windshields.

About Loan-Seeker.co.uk and RAC Loans

The RAC and Loan-Seeker.co.uk are not related and do not have a commercial relationship of any kind. RAC loan products are NOT promoted by Loan-Seeker.co.uk. Loan-Seeker does not work for the RAC in any form but we may decide at a future point to promote RAC loans such as:

• RAC Car Loan
• RAC Mortgage
• RAC Remortgage
• RAC Homeowner Loan
• RAC Secured Loan
• RAC Personal Loan
• RAC Unsecured Loan

The Loan Seeker website is neither a licensed Independent Financial Advisory service neither is it a lender or broker. Loan Seeker is not tied to any lending organisation. If you are looking for information about RAC finance, visit the RAC here: www.rac.co.uk.