|
Pay as you drive can save lower mileage drivers
money on insurance policies - 2nd January 2008
Norwich
Unions Pay as You Drive motor insurance cover has been running over
a year now and has been welcomed by many UK drivers, particularly
younger ones where it is also claimed to have reduced the number of
road accidents
The insurance
cover works by the policy holders vehicle having a global positioning
system installed in their vehicle, and then a monthly bill is issued
based on a fixed rate for cover whilst the vehicle is not in use, and
then a charge based on the distance driven, the areas in which journeys
are taken, and the time the journeys are made.
|
Norwich Union had noticed that young drivers were more
likely to be involved in a
car
accident between 11pm and 6am so increased the cost of driving between
these times for that age group. This does not prevent them driving between
these times, but charges more for these journeys, which will be shown on the
itemised monthly bill.
The number of claims made by policyholders in the age
group 18 to 23 using the Pay as You Drive scheme has fallen by over 30
percent, and also resulted in a 20 percent reduction in their cost of cover.
The Department for Transports
statistics shows that there were over 54,000
car accidents involving drivers aged 17 to 24 in 2006, with over 53
percent of these resulting in casualties. |
|
Our service is NATIONWIDE and our experts are helping people every
day in locations such as Newcastle, Manchester, Leeds, Birmingham,
Nottingham, London, Bristol, Cardiff and many many other UK towns and
cities.
More road accident solicitor site links:
no
win no fee claims - cycle
accident claims - types
of claim - vehicle
damage claims -
bus passenger injury claim
- hit
and run accidents -
legal
fees who pays? -
whiplash injury claims -
pedestrian accident solicitors -
uninsured driver accident claims
|
|