More Than launches young driver car insurance

Mon, 07 Aug 2006

More Than has launched a new car insurance policy , which it hopes will cut the number of casualties on UK roads.

The car insurance policy is launched as More Than states that almost one million young people have been involved in an accident in the last three years or know someone who has.

More Than states that the new car insurance deal, called DriveTime, could save 18 to 25-year-olds as much as £332 on their premiums each year.

DriveTime uses telematic technology to track whether the car is being used at day or night, with additional £25 fees applied to the car insurance if the vehicle is driven between 23:00 and 06:00 BST.

Bryan Turner, head of DriveTime at More Than, said: "Young drivers have often found it difficult to get affordable insurance cover as many companies categorise them all as being high risk.

"If you only drive your car during the day you only have one premium to pay, either annually or by monthly installments, which should help with budgeting your driving costs."

More Than, which is a subsidiary of Royal &Sun Alliance , provides home insurance, car insurance and pet insurance policies for its customers.

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