Telematics insurance sales rise by 25%
Posted on June 18th, 2012
There has been a 25% rise in telematics-based car insurance, according to price comparison website Tiger.co.uk.
Younger drivers often find it hard to find affordable car insurance, but telematics car insurance is proving popular, with a 25% rise in sales made through Tiger.co.uk in the first four months of 2012.
Telematics involves the use of a black box to record driving behaviour, and enables motorists who drive more safely to be rewarded with lower premiums.
The Co-operative Insurance reported earlier this year that its own telematics insurance cut crashes by 20%, as drivers seek to be safer to save themselves money.
The savings, especially for younger drivers, can be significant, and women drivers can benefit in particular as gender has been axed as a risk category but women drivers tend to be safer.
Therefore, women opting for telematics will not receive a lower premium based on their gender, but will if they drive more safely.
Tags: Rise, Rise 25
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Auto Insurance Rates Continue to Rise
Posted on November 8th, 2010
According to the press release found on PRNewswire.com “Auto Insurance Report: Prices Have Risen Steadily Since 2007? a report recently delivered by the Insurance Information Institute’s senior VP and chief economist, Steven N. Weisbart, shows an upsetting trend of increasing auto insurance rates throughout the nation.
This report shows that from 2005-2007 cheaper auto insurance quotes were easier to find and since then rates have been on the rise. Estimates have national average expenditures rising by a higher and higher percent each year for a total of 12.5% overall. Thi
Tags: Auto Insurance, Rise
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