Pay-as-you-go Insure the Box

Peter Gerrard, Head of Insurance at Moneyextra.com, comments on this week’s launch of new pay-as-you-go Insure the Box.

"It is interesting to see a new pay-as-you-go car insurer launching, as consumers have in the past been concerned about the big brother ‘spy in the cab' element,  as the nature of such policies means your driving habits are constantly monitored via the black box technology installed in the vehicle.

"One concern from consumers previously has always been around the validity of a claim; for example, if they were to have an accident in a 30 mph zone and were found to be driving at 33 mph, will they still be covered as they were effectively speeding?

"I am pleased to see that the pricing of Insure the Box appears to be much more transparent than other insurers who attempted this previously, but my advice to customers is to thoroughly research these types of offers, especially as the only way to obtain Insure the Box insurance is by going directly to the insurer, so effectively cutting out the screening from a comparison site."