Tiger.co.uk Partners With InsureTheBox
18 Oct 2010
Tiger.co.uk, the U.K.-based insurance comparison site, is now working with a new partner, InsureTheBox, an innovation in car insurance that uses telematics technology to help calculate annual premiums.
Tiger.co.uk, a trading name of Call Connection Ltd., offers car insurance quotes from more than 120 motor insurance brands.
Officials with Tiger.co.uk said that Insurethebox fits a data gathering device known as a "Clear Box" to drivers' cars enabling them to offer "pay as you drive" insurance.
The Clear Box device is about the same size as a mobile phone.
Company officials said that Insurethebox is unique in the way it incentivizes good driving. Because it can record where and how you have driven, it awards up to 100 free insurance miles to customers who have shown they are careful behind the wheel.
According to company officials, the addition of insurethebox to the Tiger.co.uk insurer panel means that it is the only U.K. car insurance comparison site offering quotes from two telematics insurers.
Tiger currently provides telematic quotes from Coverbox Insurance.
Company officials claimed that "pay as you drive" insurance is potentially attractive to U.K. drivers who want their car insurance premiums based more on their driving behavior rather than just on a series of insurers' assumptions.
It is likely to be particularly cost-effective for drivers with lower annual mileage needs.
Another group, company officials said, who may benefit from telematics-based motor insurance are younger drivers.
Traditional car insurance assessment methods are based on a number of factors which tend to generalize the anticipated driving habits of younger drivers, frequently pushing insurance costs up.
According to company officials, the insurethebox system can reduce insurance premiums by allowing the insurer to make assessments based on driving behavior such as the number of journeys taken, types of road used and average speeds.
Anil Sharma is a contributing editor for TMCnet. To read more of his articles, please visit his columnist page.
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