Insurance news
Save on your car insurance
14 January, 2008
Some drivers who do not drive very often may benefit from switching to 'pay-as-you-drive' car insurance.
Erik Nelsen, spokesperson for Norwich Union, said that most insurers assume that people drive between 10,000 and 12,000 miles a year and, because of this, anyone who drives less could potentially save money.
Pay-as-you-drive insurance involves the installation of a GPS tracker in your car. This then provides a variety information to your insurer.
Nelsen said: "Because we have more information, we're going to be more accurate and better at our job of underwriting you."
He also recommended that people get their insurance online, as this could save them around 10 per cent.
People could also save money by keeping their car in a garage, if one was available he said.
Norwich Union says that drivers who do less than 6,000 miles a year could save up to 30 per cent on their premium by switching to pay-as-you-drive car insurance.
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