Why Pay For Car Insurance Whilst You Sleep?

Young driver insurance champion, i-kube, asks the question - why should you have to pay for car insurance whilst you sleep?
By: i-kube
 
July 12, 2011 - PRLog -- Car insurance for young drivers could be on the increase, young motorists have been warned.

According to a recent report by accountancy firm, Mazars, annual young driver insurance premiums could rise by up to 50%.* It's thought that, for an average young motorist, car insurance premiums are likely to go from £2,400 to £3,600 a year.

However, young driver insurance firm - i-kube, has suggested that they could have an innovative solution to the problem. The company has been offering a telematics or "black box" car insurance scheme to young drivers since as early as 2006.

i-kube is able to offer discounted car insurance for young drivers since their telematics scheme states that, as long as the young motorist does not drive their car between 11pm - 5am (the "red hours"), they will be entitled to a reduced premium.

The little black box that i-kube installs in the driver's car essentially tells the firm whether the car is being driven during these red hours and, if it is, the motorist will incur an additional £100 to their car insurance premium. This is because the red hours are deemed to be the period of time where you are more likely to be involved in a serious accident.

A spokesperson for i-kube commented:

“Whilst we appreciate that not being able to drive between 11pm – 5am might put some young drivers off it does beg the question – why would you be driving at this time of night anyway? More importantly – why would you want to pay for your car insurance whilst you sleep? i-kube’s discounted cover is basically stating that, if you don’t need to drive at this time – we won’t make you pay for it.”

The spokesperson went on to add that i-kube’s black box insurance solution is constantly evolving and changing in an effort to mature and improve with young drivers in an effort to keep them safe whilst on the road.

http://www.i-kube.co.uk
http://www.motaquote.co.uk

* http://www.insuranceage.co.uk/insurance-age/news/2081910/...

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Notes to editors:

i-kube is an insurance product offered through Motaquote in conjunction with a number of insurance providers.

Established in 1991, Motaquote specialises in a wide range of personal and commercial lines insurance. Headquartered in Williamstown, South Wales it is part of nationwide group, Cullum Capital Ventures (CCV).
End
Source:i-kube
Email:***@motaquote.co.uk Email Verified
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Tags:Car Insurance, Car Insurance For Young Drivers, Young Drivers Insurance, Young Drivers Car Insurance
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Location:Williamstown - Wales - Wales
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