Young drivers could save over £200 – or 12.5 per cent – on their car insurance premiums if they opt for telematics policy, according to recent analysis by MoneySupermarket.com.The comparison website analysed almost 17 million car insurance quotes and found telematics policies to be cheaper than standard policies.
Telematics policies serve to make drivers more aware of how they drive which in turn can make premiums cheaper. A small black box device is fitted to the car to monitor driver’ behavior and provide an insurer with a greater knowledge about the driver.
The analysis revealed that 29 per cent of motorists in the 17-19 age group were likely to be offered the choice to opt for a telematics policy, followed by 18 per cent of 20-24 year olds. Females aged 17-19 were the most quoted group for telematics policies, making up almost a third of all telematics quotes.
“Telematics technology, similar to those found on Formula One racing cars is now becoming mainstream within the insurance industry. Although having your driving monitored may appear a little “big brother” for some drivers, the financial benefits of using this technology is a no brainer,” said Peter Harrison, car insurance expert at Moneysupermarket.com.
Apart from providing premium driving lessons at an affordable price, we at Fineline Driving Academy want to help you save money on young drivers insurance as well. That’s why we are offering insurance comparison service where you can get a quote from insurance companies that specialize in insuring young drivers.
To find out how you can save money on young drivers insurance, visit our website and select “Get a quote” link which will redirect you to our partner’s website, compare prices from over 100 insurance providers and provide you with a quote. Then you can pick up the policy which suites you the best or simply the cheapest one.
