Products: Young drivers benefit from telematics
Insurers have been busy building on their telematics systems in an attempt to bring down the rising cost of motor premiums for young drivers.
The Co-operative’s Young Driver insurance is offering a cash-back reward incentive to young motorists who have kept to speed limits, avoided excessive harsh braking and acceleration and taken corners carefully since its Young Driver scheme was launched in March.
The insurance product uses Smartbox telematics technology to monitor how a car is driven and ‘scores’ behaviours every 90 days.
The Co-op said nearly 90% of motorists with its Young Driver insurance will see more than £100 returned to
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