Compare Norwich Union Car Insurance: new ideas

http://www.norwichunion.com/

In 2004 Norwich Union began to test drive one of the most notable innovations the car insurance industry has seen in recent years: a pay-as-you-drive scheme. Though it’s envisaged that the scheme will open to a variety of car owners, it could be particularly useful for safe young drivers, who under traditional premiums have to pay for the indiscretions of their less careful peers. With pay-as-you-drive, premiums will be calculated according to usage – where, when and how far the vehicle is driven. That it’s possible to do this is one of the many things that must be put down to improving communications technology: mileage is assessed on a month-by-month basis using a ‘black box’ installed in the car which shares some of the operating principles of mobile phones.

Norwich Union: Pay-as-you-drive is one of many schemes

Pay-as-you-drive is, at the time of writing, still in the pilot stage but Norwich Union offers a range of other car insurance options and services. These include no claims discounts of up to 70% and a ‘physio fast’ program. This is a scheme which offers physiotherapy treatment to accident victims insured with the company – be they passengers or drivers - whether or not the accident was the driver’s fault. There are catches – treatment is only to the value of ₤400 and can only be administered by a (chartered) physiotherapist of Norwich Union’s choice when the physiotherapist has deemed treatment necessary. But having a scheme like this at all is unusual and a decision is promised within 48 hours of a request. Though the pay-as-you-drive scheme may not be fully up and running yet there’s another possibility for safe young drivers – a ‘rapid bonus’ scheme which is designed to allow youngsters to build up a no claims discount as quickly as possible. The company also provides motorcycle and van insurance.

Norwich Union is one of the larger and older insurance companies and, as illustrated above, it is an innovator. But as always, shop around for quotes with several companies and/or use a trusted broker before making any firm decisions. Every case is different. For more information about pay-as-you-drive and Norwich Union’s other insurance products, visit the website at www.norwichunion.com.

 

 

 

© AskFinancially.com 2008

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