Article: Car Insurance Gearing Up To Drive Down Costs
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Car Insurance Gearing Up To Drive Down Costs
For once finances seem to be going in favour of the UK motorist, with Esure (http://www.esure.com/) announcing plans to double its share of the UK's car insurance market - a move which is likely to spark a price war, other internet-only direct insurers passing on to consumers savings based on their low overheads, and specialist insurers offering reduced rates for their particular target markets. A trial pay-as-you-go scheme from Norwich Union (http://www.norwichunion.com ) is also creating a lot of interest for money conscious motorists.
The pay-as-you-go scheme uses a small box costing an initial £199 which is fitted in the driver?s boot, to record when and for how long a driver actually uses their car. The box stays in contact with a satellite which is sent regular updates...
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