Ingenie is a new, progressive way of offering affordable car insurance to the young driver group of 17 to 25 year olds. Gone is the day that every driver within that age group is given a rate based on historical statistical data. Ingenie is an insurance plan which treats every driver as an individual. The monthly premium price is based on the quality of driving which is being practiced, not on the collective risk of the group. Traditional car insurance cost is based on the history of a group which makes notoriously immature decisions, without even a consideration of consequences. That brings us to where we are today – a type of car insurance which is able to reward a driver for exhibiting safe and proper driving behavior by applying discounts to the monthly premiums. The cost of insurance has skyrocketed out of control, especially for the young driver group. The cost increase has reached epidemic proportions, sometimes totaling more for a year of cover than the entire cost of the car.
When a young driver comes on board with ingenie, a telematics device is mounted within their car. The telematics device measures and records driving behavior. The device is about the size of a mobile phone and is mounted behind the dashboard. It is hidden away, so it has little chance of being damaged in the event of an accident. It requires no special tools to install and can be done so at the driver’s place of work, school or home. The telematics device is a gps enabled device, so it aids in location of the vehicle also.
Product DescriptionIngenie car insurance gives the driver the unique ability to save money each month by safely and conservatively operating their vehicle. Most car insurance companies rely on the young age group of drivers to take huge risks while driving. For that reason, the cost of car insurance has grown to nightmare levels during the last couple years. Statistically speaking, young drivers are ten times as likely to be in a crash compared with any other group. That being said, the car insurance industry needed a car insurance which rewarded those who drove safely.
Another major difference with Ingenie compared to other car insurance companies is with curfews and mileage restrictions. Ingenie places no limits on when the car can be driven or for how many miles. Most other insurance companies restrict driving between 11pm and 6am, especially on weekend nights. Often, other companies not only restrict driving between those times, but apply fees if the car is driven at night. Sometime, fees of 100 to 200 pounds are levied against those who break the curfew.
Ingenie stands alone when it comes to providing opportunities to pay a lower price for car insurance. The company evaluates the habits of drivers every three months, so they can apply discounts for safe driving habits at the same time. Other car insurance companies review driving records maybe once per year, and then adjust if it is warranted. Ingenie wants their policy holders to be rewarded as much as possible, hence the four times per year review to see if they can pass along a discount.
GPS ConsiderationsUpon being approved for an ingenie car insurance policy, a small, mobile phone size telematics device will be installed in your car at no cost to you. Again, this device is able to be installed at your place of work, home or school. The device will record general driving tendencies like: speeding, cornering, braking and tailgating the car in front of you. The device also makes it possible for the driver to receive special Twitter-like messages through a mobile app or email. These special driving habit updates will allow the driver to see the quality of their driving and be able to improve on areas of weakness.
The special telematics device also features a quality which could possibly help in recovering the car quickly in the future. In the unfortunate event that the car is stolen, the gps-enabled device will allow the authorities to quickly locate the car due to the gps locater in the device. Location of the vehicle will also be a part of the data analysis when the opportunity for discounts arises. When a car is driven in safer areas, risk is analyzed by the insurance company.
No Claims DiscountIn addition to a quarterly review of driving habits to determine discounts to be passed along, Ingenie also gives discounts for no claims over the course of twelve months. That means for every year a driver goes without a claim on the vehicle, a discount is passed on to lower the cost of the monthly premiums even more. Several car insurance companies provide this path to clients as a way to pass along a discount. Typical discount percentage ranges from 20 to 75%.
SummaryIngenie car insurance offers young drivers an option to the everyday insurance cover available today in the UK. The young driver group (age 17-25) has seen car insurance rates spiral out of control for more than two years. Now, there is a way for the group to be rewarded through safe driving habits, and at the same time create safer roads across the UK. Ingenie is especially unique in the way driving habits are analyzed. Instead of making yearly reviews of policy holder driving habits, the reviews take place each quarter which enables more discounts to be passed out more often.
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