Tuesday, 1 November 2011

Learner Driver Insurance - Does It Need To Be So High?

As you're no doubt aware - learner driver insurance tends to be quite pricey. This is because young learner drivers are thought to be more of a risky bet in insurance terms.

However, iKube has identified a way of reducing provisional insurance for learner drivers between the ages of 17 - 25 through its black box insurance cover.
Like any regular car insurance policy iKube's black box insurance will determine the premium rate according to:
  1. PostCode (i.e. where the learner driver lives - for example, if you live in a low crime rate area then your provisional insurance could be cheaper).
  2. Car Type and engine size (i.e. the smaller the car and its engine, the cheaper your learner driver insurance could be).
However, after taking this and other related information into consideration iKube then discounts the insurance premium by up to 25% by adding in its black box:

The iKube black box is essentially installed to monitor the time of day you drive.* As a learner driver it is highly unlikely that you will need to drive your car after 11pm at night until 5am the next day. Besides - can you actually imagine your parents or driving instructor wanting to take you out at that time?!

The reason iKube decided to restrict young and learner drivers to driving during the day and early evening is because, statistically, you are more at risk of being involved in accident between 11pm - 5am (known as the iKube "red hours").

Did you know that when you come around to renewing your car insurance with iKube, as long as you’ve been a safe, careful driver then you could get a discount of up to 40%?!

It’s also important to note that, unlike some insurers, iKube will not increase or cancel your car insurance premium once you pass your driving test – you simply need to notify us that you’ve passed. Easy!

* Data may be used for the prevention and detection of crime and at insurer requests.

To find out more - read some of our other related guides and blog posts, including: