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Follow on Google News | Insurethebox Celebrates 50,000th Telematics Saleinsurethebox confirmed its place as the UK’s leading telematics-based insurer when it celebrated the sale of its 50,000th motor policy.
By: Parm Evans insurethebox has pioneered the use of telematics in the UK. Policyholders buy an initial 6,000 miles of cover. A ClearBox, installed behind the dashboard, monitors their driving. Data sent via satellite assesses their performance by five different criteria. Good drivers receive up to 100 bonus miles per month. Each policyholder has their own portal where they can check how well they have driven and how many extra miles they have earned. “We’re delighted to welcome Elizabeth to our growing family of customers,” said business development director Mark Grant. “Launching a completely new type of insurer was an act of faith but our progress shows that people appreciate what we offer. We expect to reach 100,000 sales during 2012.” One benefit of telematics is that, by incentivising better driving, it helps to bring down the number of accidents. Recent data showed that, as well as getting cheaper car insurance, around 60% of insurethebox customers receive discounts on renewal at a time when motor insurance prices generally have risen by 30%. Ends * HIGH RES PHOTOGRAPHY AVAILABLE ON REQUEST For further information, contact Mark Baylis, 07775 693994, mark.baylis@ Parm Evans, 07501 462045, parm@parmevanspr.com www.insurethebox.com End
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