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PAY-AS-YOU-DRIVE CAR INSURANCE: LISA EXPLAINS HOW SHE KEEPS AN EYE ON HER COSTS ... AND HER HUSBAND.
Housewife Lisa explains how telemetics pay-as-you-drive car insurance works and saves her money while being able to keep an eye on her husband…
“I have three kids, two school runs, a part-time job - and no time.
“The most I ever drive is to school or to the shops and sometimes to work which adds up to about 10 miles a day.
“Now I threw a hissy fit when I found that I get charged the same for my insurance as my friend Sarah across the road who drives about 500 miles a week for work and stuff like that.
“But then I found out from my neighbour that there’s something called pay-how-you-drive. You’re insured all the time, but you’re only charged when you drive your car, and if you drive carefully then you get charged less.
“It’s all down to something called telematics, which is a little box hidden in the car which tells the insurance company when and how you’re driving. It’s the same idea as sending information from a mobile phone, but what it does is monitor if you go round corners too fast, or brake too hard, drive like a hooligan – you know what I mean. Doesn’t apply to me of course.
“I don’t have the foggiest idea how it all works, but the really good thing is that I can go online and log in to a website and see how my teenage son is driving if he takes my car. And as I have the reins on the household budget I can also see how much we’re wasting on pointless journeys like when my husband got his new car and was behaving more like a teenager than my teenagers…”
Coverbox is both a pay-as-you-drive and pay-how-you-drive car insurer, providing insurance through names such as The co-operative, Groupama, Allianz, Sabre and Markerstudy to suit a range of drivers’ requirements. Premiums are based on the distance and time of day of travel – varying rates being charged per mile depending upon peak or off-peak driving – and how drivers drive, with sensible drivers being rewarded with lower insurance costs for careful, considerate and reasonable driving. Drivers who avoid accident black-spots or high-risk locations such as roads past schools or busy rush-hour junctions are rewarded with reduced renewal premiums, and are charged according to their driving habits and approach rather than being charged according to how other drivers living in the same postcode behave behind the wheel: why should two drivers of similar cars, of similar status and similar age – one a well-behaved driver, the other a dangerously-driving neighbour - be charged the same insurance rate when one is many more times likely to be involved in an accident than the other? Coverbox uses telematics – an exchange of information between technology in the car to the insurer – to keep up with, and reward, drivers’ habits; Coverbox customers also benefit from free GPS theft tracking, and can monitor their vehicle usage through their very own personalised online “dashboard” which keeps them updated on vehicle usage and cost, and, potentially, substantial savings on their car insurance. www.coverbox.co.uk/
PAY-AS-YOU-DRIVE CAR INSURANCE: LISA EXPLAINS HOW SHE KEEPS AN EYE ON HER COSTS ... AND HER HUSBAND.
Housewife Lisa explains how telemetics pay-as-you-drive car insurance works and saves her money while being able to keep an eye on her husband…
“I have three kids, two school runs, a part-time job - and no time.
“The most I ever drive is to school or to the shops and sometimes to work which adds up to about 10 miles a day.
“Now I threw a hissy fit when I found that I get charged the same for my insurance as my friend Sarah across the road who drives about 500 miles a week for work and stuff like that.
“But then I found out from my neighbour that there’s something called pay-how-you-drive. You’re insured all the time, but you’re only charged when you drive your car, and if you drive carefully then you get charged less.
“It’s all down to something called telematics, which is a little box hidden in the car which tells the insurance company when and how you’re driving. It’s the same idea as sending information from a mobile phone, but what it does is monitor if you go round corners too fast, or brake too hard, drive like a hooligan – you know what I mean. Doesn’t apply to me of course.
“I don’t have the foggiest idea how it all works, but the really good thing is that I can go online and log in to a website and see how my teenage son is driving if he takes my car. And as I have the reins on the household budget I can also see how much we’re wasting on pointless journeys like when my husband got his new car and was behaving more like a teenager than my teenagers…”
Coverbox is both a pay-as-you-drive and pay-how-you-drive car insurer, providing insurance through names such as The co-operative, Groupama, Allianz, Sabre and Markerstudy to suit a range of drivers’ requirements. Premiums are based on the distance and time of day of travel – varying rates being charged per mile depending upon peak or off-peak driving – and how drivers drive, with sensible drivers being rewarded with lower insurance costs for careful, considerate and reasonable driving. Drivers who avoid accident black-spots or high-risk locations such as roads past schools or busy rush-hour junctions are rewarded with reduced renewal premiums, and are charged according to their driving habits and approach rather than being charged according to how other drivers living in the same postcode behave behind the wheel: why should two drivers of similar cars, of similar status and similar age – one a well-behaved driver, the other a dangerously-driving neighbour - be charged the same insurance rate when one is many more times likely to be involved in an accident than the other? Coverbox uses telematics – an exchange of information between technology in the car to the insurer – to keep up with, and reward, drivers’ habits; Coverbox customers also benefit from free GPS theft tracking, and can monitor their vehicle usage through their very own personalised online “dashboard” which keeps them updated on vehicle usage and cost, and, potentially, substantial savings on their car insurance. www.coverbox.co.uk/