We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.
Car insurance costs were slashed by signing up for a telematics black box policy and placing Co-Op’s new T-Plate on the side of their vehicle. James Doyle saved the massive figure in just his first year of using the telematics policy with the new T-plate helping him to feel “more confident” on the road.
This in turn is helping Mr Doyle to reduce the mistakes made behind the wheel which is having a direct impact on his costs.
The 19-year-old said: “After months of learning, I was so happy to finally be able to drive by myself.
“What I wasn’t prepared for was the pressure I would feel from other drivers wanting me to go faster.
“By using a T-plate on my car, I hope other road users will respect that I am driving safely and to the speed limit.
“I’m already feeling more confident on the road and hopefully this will be reflected in a discount on my premiums.”
Co-Op Insurance says young road users can make major savings of anywhere between £330 to £450 by following the simple tip.
They say the new T-Plate is necessary after research from the group revealed that half of 17-25-year-olds felt under pressure on the road.
However, increasing speeds on some roads can be devastating for road users on telematics policies which determine premiums based on your overall driving ability.
DON’T MISS
Which? says running costs can be reduced today [INSIGHT]
Petrol and diesel owners to face £8 daily charge within months [ANALYSIS]
Running your vehicle is more expensive in this UK city [COMMENT]
Those who are driving their vehicles in a safe manner and within speed limits will pay less than those who are found to drive erratically.
The new T-plate indicates to other road users that the vehicle is fitted with a black box as a warning that the driver is unable to speed up.
Mr Doyle said: “Co-op Insurance has also reached out to other insurers to let them know about the T-plate pilot and latest survey findings.
“The insurer will share findings from the pilot with others, in the hope that the industry will help young drivers feel safer on the road with a T-plate.”
The report from Co-Op reveals that a quarter of motorists said they feel unsafe while they are driving due to a variety of simple reasons.
Four in five road users say they have had other road users driving too close to them which has been distracting.
A massive 72 percent have been overtaken when it was not safe to do so while 43 percent have received rude hand gestures for travelling slowly.
Almost a third of road users say they experience this on a weekly basis which has led almost a quarter to feel anxious while on the road.
However, four-fifths of road users are aware of black boxes and what they could mean for younger drivers.
But despite this nothing exists to highlight when a driver has a box installed and requires some extra leeway from those around them.
Charles Offord, managing Director of Co-Op Insurance said younger motorists could see their policy completely axed if they do not follow the rules of their telematics agreement.
He said: “Drivers with black boxes will see their insurance premiums increase, or in some extreme cases, their policies cancelled if they don’t drive as they should.
“Yet currently it’s impossible for other motorists to know if another vehicle has a black box fitted.
“Young drivers want other motorists to understand this and that’s why we’ve launched the T-plate.”
Source: Read Full Article