Car insurance firm Swiftcover has reached the 500,000 policy mark, it has been revealed.
According to the car insurance company, it has achieved an average annual growth of 280 per cent each year since it was launched in 2005.
Stephen Hardy, chief executive officer for the firm, said: "We believe we are ahead of the game in the insurance industry, by creating a model which is entirely internet-based."
Because of this, car insurance customers have access to a quick and easy service, he added.
The car insurance firm will now look to continue its expansion, Mr Hardy stated.
Recently, Comparethemarket.com warned that people who lie about who drives their vehicle most often risk having a car insurance claim rejected if they are caught out and will then be deemed to not have cover in the eyes of the law.
The website suggested that people shop around for their car insurance, rather than trying to save money through telling untruths.




