Is it time that good driving is rewarded for younger drivers too?
Car insurance is always expensive for new drivers, however that is all about to change. A UK insurance company called Ingenie will be arriving in Canada to revolutionize car insurance for the average young driver. This will allow people between the ages of 16- and 24 the opportunity to lower their insurance through technology.
The goal is to repeat the success the company had in the UK, evaluated by Aviva Insurance this is one of the first companies to use technology as a way to observe and correct young drivers through an Internet connected device. This allows the company to stand out from the many other who offer discounts based on driving habits and records, but this is the first in history to offer to young drivers.
I sat down with the company’s founder and CEO, Richard King, to learn more.
Plug the Smartbox into a port in your vehicle, install the accompanying app onto your iPhone or Android mobile device, and let the tracking begin. That’s the key here – you’re trading your driving information for lower rates.
Like ingenie’s tagline says: “drive well, pay less.”
Drivers get 10% off by signing up, and save up to 25% during the year by proving they’re driving safely. If they’re not, though, then the prices increase.