RAC Insurance unveils telematics-based insurance
RAC Insurance has launched a telematics-based insurance policy for new and young drivers after partnering with Ticker.
This is the first of a range of new connected motor insurance products set to be unveiled by RAC Insurance, with further products aimed specifically at older drivers and those who drive low mileages.
The new policy has been developed specifically for drivers who have passed their driving test in the last eight years, or last two years if they are aged between 17 and 21.
By using a simple self-fit telematics box, drivers will be rewarded for good driving with lower premiums while also knowing that they’ll retain their no-claims bonus if hit by an uninsured driver.
Telematics-based insurance
RAC Insurance CEO David Buxton said: “This is the beginning of an exciting journey for us as we relaunch some tried-and-tested telematics insurance products alongside some brand-new ones, aimed at drivers who we feel aren’t currently well-served by the market.
“Having the right partner to help us do this was vital and we’re delighted to be working with Ticker – a well-regarded, forward-thinking company and a genuine innovator in the insurance technology space.
“Whether it’s motorists starting their driving careers and looking for a competitive insurance policy, or lower-mileage drivers looking for a better deal, we have the products that meet their needs. And, by expanding our telematics-based insurance portfolio, we’re encouraging a new generation of safer drivers – something that complements the wider work the RAC does to promote improved safety on the roads.”
Ticker founder and CEO Richard King added: “The motor insurance landscape is shifting. Having new levels of data, including driving behaviour and the use of AI, is critical to remaining competitive.
“This partnership is the missing piece of the jigsaw for us: we’re now working with a major motoring brand. It’s going to be a significant step-change for Ticker to be in partnership with the RAC, one of the most recognised and respected brands in the UK.”
