See my full story Women Lose Advantage including a list of companies offering telematics to reduce insurance premiums.
Insurance organisation Drive like a Girl says it has handed back more than £51,000 to its first 500 customers in recognition of their good driving. The brand was established in January to help careful drivers beat the EU directive, which prevents insurers from selling cheaper cover to young women even though they represent a smaller risk than equivalent chaps. It promises to give money back after three months to anyone who has ‘driven like a girl’. The quality of driving is assessed using data sent back by a telematics box installed behind the dashboard at no extra cost when people buy policies.
In May, 85% of the 500 earliest customers are getting money back, with 60% receiving their own maximum discount at an average of £137 each. One in four customers received more than £150 back. Some 7%, mostly the youngest motorists, will get more than £250 as their three-month discount.
Twenty-one-year-old Gemma Taylor from Leeds heard about Drive like a Girl just after she passed her driving test in January via comparison site Moneysupermarket. She said: “It really didn’t worry me having a box in the car, as it enables me to have an affordable price for my car insurance against others that were on offer. What really tempted me was the three-month discount. By driving safely, I have now qualified for over £300 back which is fantastic.”