Norwich Union, one of the foremost
insurance companies in the UK, are now selling their ‘pay
as you drive’
car insurance scheme online. The scheme requires the
policyholder to fit
their car with a telematics system in the form of a black
box.
Following successful pilot schemes over the last few years, the
insurance scheme is now available online. The scheme is divided
into two, one version for motorists under the age of 24, and the
other for those between 24-65 years old.
When customers sign up for the scheme, they will receive a monthly
bill that is based on the usage of their
car . The cost will be based on the time of day, the type of
road and the mileage covered. The bills will come itemized, with
each journey’s premiums calculated.
The scheme, according to Iain Napier, the director of
Pay As You Drive, said: We have received terrific
feedback and take-up of the
policy since we launched three months ago. Buying online is
just the latest step for Pay As You Drive insurance.
The
news does raise concern about levels of corporate interference
in personal lives, with many Britons reporting that they would be
unwilling to take this step. With many car buyers turning to
car finance, some consumers will be looking to save every penny
they can.
