Summary
THE latest pay-as-you-go car insurance launches this week using a satellite black box to monitor how a car is driven and reward careful drivers. The cover from insurance underwriting agency Insure the Box is aimed at motorists who drive a limited number of miles each year, such as school-run mums and second car users. It is expected to be competitive for younger drivers who typically face high premiums.
A GPS satellite tracker records when you drive, with the cost of insurance linked to mileage.See the full content of this document
Extract
Spy in the Car Rewards the Good Drivers
Mike Brockman, founder of Insure the Box, likens the idea to a pre-paid mobile phone. 'Annual cover includes 6,000 miles to start with,' he says. 'If you find you drive further and need more in the year, you c...
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