‘Pay as you drive’ insurance rewards safe young drivers

‘Pay as you drive’ insurance rewards safe young drivers

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New drivers typically face higher insurance premiums than others do based simply on their age and lack of experience. Recognizing that many such drivers pose no higher risk than do more experienced drivers, The Co-operative Insurance recently launched a Young Driver Insurance package in which premiums are based on the driver’s actual skill, as recorded by an in-vehicle monitoring device.

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