Car Insurance Latest News

Car Insurance Revolution

Over the next 12 months the UK car insurance business is set for a revolution. The industry is set for a shake up that could see individuals' car insurance, also business car & van insurance, vastly change the way they choose to insure vehicles.

The trend was initially set by Norwich Union Insurance who tested their 'pay as you drive' scheme over two years before offering it to the car insurance market.

The new scheme uses the 'black box' tracking technology but unlike 'pay as you go' insurance, it also monitors your style and manner of driving. The new car insurance policy is based around driver behaviour and not just the miles and type of roads traveled.

This crucial difference in monitoring driver behaviour could herald a new era for safer driving, experts predict. Two big gun insurers, Zurich and Royal & Sun Alliance, have already given it their backing.

The new scheme monitors:

speed

time a vehicle is driven

acceleration

braking

number of hours driven

To enable all these driving factors to be monitored, a retrofitted sensor gives the additional information. This would be particularly useful to businesses car insurance.

Lloyd Latchford is the specialist broker behind the new policy. They will offer initial discounts and rebates up to fifteen percent after positive driver behaviour improvements are shown. This could save an average of £100 per driver per year for a business.

It is surely just a matter of time before this car insurance scheme is rolled out into personal cover policies and not just for businesses.

Car Insurance Latest: News

• Skoda offers 'No VAT' deal
  Skoda is offering a ‘No VAT’ deal on selected cars, as well as a range of finance packages across all of its models.
• Audi A3: best used car values
  Audi A3 hatchbacks hold their value better than any other used , according to a study released today by Auto Trader.
• A bargain Lotus for every budget
  Lotus represents some of the greatest qualities of British engineering; ingenuity, design and flexibility.

Can't find what you're looking for? Try here: