Shortly after news that over two thirds of UK drivers aged over 35 would be prepared to trial a telematics device being fitted to their car to save money on their insurance*, Tiger.co.uk has announced the addition of i-kube to its trusted panel of insurance partners.
Online PR News – 20-May-2011 – – Shortly after news that over two thirds of UK drivers aged over 35 would be prepared to trial a telematics device being fitted to their car to save money on their insurance*, Tiger.co.uk has announced the addition of i-kube to its trusted panel of insurance partners.
i-kube is a specialist young drivers car insurance brand that offers insurance to 17-25 year olds using GPS technology to price insurance premiums based on the time of day the vehicle is driven.
With car insurance premiums continuing to increase with no signs of slowing in 2011 it is likely that telematics based insurance products will become more and more popular. Younger drivers and drivers with low annual mileage are already key prospects for this type of product and the recent gender ruling by the European Court of Justice means that women drivers are likely to become another interested customer group from late 2012 when prices are likely to increase for them.
Furthermore, the information that can be derived from these devices is not only useful to individuals wanting to manage the cost of their premiums, but it could also be used to remedy the issue of inflation in the longer term.The rise in insurance premiums over the last 18 months can be partly attributed to increases in fraudulent claims, increases in personal injury claims and the increased costs of accidents caused by uninsured or untraceable drivers. The use of in-car telematics devices could provide a long term solution to these underlying issues by allowing insurers access to real data on circumstances surrounding claims. Likewise, wider acceptance of this technology by motorists could go some way towards preventing fraudulent claims happening in the first place.
A spokesperson from Tiger.co.uk commented; "We are very pleased to be introducing another telematics partner to our panel, particularly in light of the news that an increasing number of motorists are willing to consider these policies. The addition of i-kube will make us the only car insurance comparison site to have three telematics insurers (alongside insurethebox and Coverbox) providing quotes to shoppers which should prove particularly compelling in light of recent changes in the marketplace".
Already a strong brand for young drivers car insurance, Tiger.co.uk already has over one hundred and thirty motor insurance brands on its comparison panel, together with a growing reputation for accessibility and ease of use. For more information on partner brands and products offered visit Tiger.co.uk.
*Research carried out by Towers Watson
Tiger.co.uk is a trading name of Call Connection Ltd. Tiger.co.uk is a UK based, independent price comparison site, offering insurance quotes from over 130 motor insurance brands. Call Connection Ltd is authorised and regulated by the Financial Services Authority (number 308374).
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