UK Car Insurance News Confused.com car insurance price comparison
search advanced search

Home >> Car Insurance News


Co-operative launches "Pay How You Drive" car insurance

Article by Simon Christopher
Posted: 18/3/2011 - Last updated: -
Rating: 0.00 0.00 (1 votes)



A scheme that launched this week could mean significant insurance premium reductions for young drivers prepared to have their driving activity monitored.

The scheme, offered by Co-operative Insurance, involves a small "Smartbox" device being attached to the car, usually under the bonnet or dashboard, with the device transmitting data back to the insurer.

Premiums would then vary depending on driving behavior, taking into account braking and acceleration, cornering, speed and time of driving. There'd be discounts for those who drove within speed limits, cornered at sensible speeds and avoided night time driving.

The company says that on average starting premiums would be around £300 cheaper than rival policies. Premiums would then be reviewed every 90 days, with a potential further cut of up to 11% based on safe driving. The rules of the policy would mean persistent bad driving such as cornering at unsafe speeds could mean the premium rose to as much as 15% higher than its original level.

Drivers would be able to check their performance at any time. They'd also be warned about dangerous driving that could risk legal problems or even a loss of the insurance cover.



PLEASE NOTE: News items are intended for information only and should not be relied upon when making insurance decisions. Due to their nature, some of the information in news stories including any references to taxation, legislation, regulation, or other issues may no longer be current.

Copyright UK Insurance Index http://www.uk-insurance-index.co.uk. All rights reserved.


comments about this article

Comments About this Article:

 Add a Comment


share this article

Share this Article:



rate this article

Rate this Article:


Please rate this article between 1 and 5
with 5 being top.
All ratings received for this article.

all categories ALL CATEGORIES
A-Z Categories

popular categories POPULAR CATEGORIES
Car Insurance
Home Insurance
Life Cover
Mobile Phone Cover
Pet Insurance
Travel Insurance

directory categories DIRECTORY CATEGORIES
Business
Event
Health
Home & Property
Insurance Brokers
Life & Protection
Marine
Motor
Non UK Insurers
Pet & Animal
Personal Possessions
Specialist Cover
Sport
Travel

review categories REVIEW CATEGORIES
Business
Car & Motor
Health
Home
Insurance Companies
Life Cover
Motorcycle
Pet & Animal
Possessions
Sport
Travel

article categories ARTICLE CATEGORIES
Business
Car & Motor
General
Health
Home & Property
Insurance Awards
Insurance Guides
Life Cover
Pet & Animal
Travel

news categories NEWS CATEGORIES
Business News
Car and Motor News
General News
Health News
Home & Property News
Life Cover News
Pet and Animal News
Travel News

RSS NEWS FEED

Car Insurance News RSS Feed Car Insurance News Feed

You can subscribe to the car insurance news feed above in a number of ways:

1. Drag the orange RSS button above into your News Reader
2. Drag the URL of the feed into your News Reader
3. Cut and paste the URL of news feed into your News Reader
4. Add the feed to your AOL, Google, MSN or Yahoo account by clicking the buttons below.

Add to Google

Add to My Yahoo

Add to My MSN

Add to My AOL


latest articles LATEST NEWS
Speed awareness courses have hidden cost
Motor insurer takes it day by day
Car insurance costs drop
ABI targets younger drivers
Motor insurance scandal leads to major investigation

latest listings LATEST LISTINGS
Octagon Insurance
Quote Me Happy Car Insurance
Protect Your Bubble Car Insurance - 40 cash back*
RSA echoice car insurance
Your Cover Car Insurance from Allianz

latest reviews LATEST REVIEWS
Heritage Classic Car Insurance
Age UK Car Insurance
Carole Nash Bike Insurance
1st Central Car Insurance
One Quote Direct Car Insurance


Home | Privacy & Cookies | Terms of Use | Contact | Submit Site | Advertisers

Page protected, do not copy

This website uses cookies to ensure a reliable browsing experience. If you continue to use this website you are consenting to us using cookies in this way. To find out what cookies are, which ones we use and why we use them please click here.

Copyright © 2017 UK Insurance Index. All rights reserved.
All directory listings, articles and reviews are provided as information only and do not constitute advice or a recommendation of any product or provider. If you use these insurers, we take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy of these third-party web sites or companies. If you have any doubts you should consult an authorised independent financial adviser for advice based upon your individual needs and circumstances. A database of advisers in your area is available at www.unbiased.co.uk.