An insurance company is offering young drivers, who use a new smartbox in their cars, an insurance discount of more than £300 if they use the road sensibly.
The scheme, which is being offered by Co-Operative Insurance, will assess young drivers (17 – 25 year-old) on their braking, accelerating, cornering and general speed. It will also track whether they drive during the day or night during the “dangerous” times during 11pm – 6am.
Drivers will be able to access their own `online dashboard` on a personalised webpage to check their score and identify ways of improving their driving.
While ‘good’ drivers will be rewarded by discount on future payments, ‘bad’ drivers could see up to a 20% rise over their initial payment.
David Neave, director of general insurance at The Co-operative Insurance, said: “It is a fact that many young people are simply being priced out of owning a car due to the escalating cost of motor insurance for young drivers. To ensure we do not end up with an entire generation priced out of car ownership we are giving them a chance to prove themselves as responsible drivers, and dispel the assumption that all young drivers will drive badly and have accidents.”
Would you consider a Smartbox to help reduce your motoring costs?
MJP Motoring Solicitors
Mar, 16, 2011
[…] Northern Ireland a scheme, similar to the smartbox idea we have mentioned before here, will allow motorists to have their car insurance premiums rated on their driving […]