An innovative new form of motor insurance cover was withdrawn from the market, the BBC reported.
Norwich Union, which their "pay as you drive" policy two years ago, now is the insurance to a lack of interest from customers. The company said that in so unexpectedly long period of time before the necessary technology to ensure the coverage in the automotive industry contributed to its decision.
"Pay as you drive, the installation of a" black box "style device in the car every customer in order for the Norwich Union, to the movements of the vehicle. Then, if the motorist to travel to avoid the risky times of day - such as during rush hours and at night - would be money for the premiums.
The differences between these payments could be very large, such as Norwich Union, to regulate their car when the driver: for example, younger drivers could be as little as 5p per mile when they drove to the "right", but as far as £ 1 if they do not.
In an interview with the broadcaster, Graeme Trudgill of the British Insurance Brokers' Association said that the insurer's "Big Brother attitude" had clients from the policy. "They are not like the fact that someone is going to know exactly where they are at what time and with what speed," he added.
Norwich Union refused to give the exact amount of the customer adoption of the policy, but confirmed that it was "not less than 10000" whole. Originally, the company, to 100,000 people to "pay as you drive".
You could save up to 10% on your Norwich Union Car Insurance if you apply online. Whatever your car insurance needs, Norwich Union car insurance comes in all shapes and sizes and should have something to suit. Apply online today for a range of benefits, including:
Up to 70% no claims discount
Multiple car discount
24 hour claims helpline
Optional extras including breakdown and legal cover
Norwich Union, which their "pay as you drive" policy two years ago, now is the insurance to a lack of interest from customers. The company said that in so unexpectedly long period of time before the necessary technology to ensure the coverage in the automotive industry contributed to its decision.
"Pay as you drive, the installation of a" black box "style device in the car every customer in order for the Norwich Union, to the movements of the vehicle. Then, if the motorist to travel to avoid the risky times of day - such as during rush hours and at night - would be money for the premiums.
The differences between these payments could be very large, such as Norwich Union, to regulate their car when the driver: for example, younger drivers could be as little as 5p per mile when they drove to the "right", but as far as £ 1 if they do not.
In an interview with the broadcaster, Graeme Trudgill of the British Insurance Brokers' Association said that the insurer's "Big Brother attitude" had clients from the policy. "They are not like the fact that someone is going to know exactly where they are at what time and with what speed," he added.
Norwich Union refused to give the exact amount of the customer adoption of the policy, but confirmed that it was "not less than 10000" whole. Originally, the company, to 100,000 people to "pay as you drive".
You could save up to 10% on your Norwich Union Car Insurance if you apply online. Whatever your car insurance needs, Norwich Union car insurance comes in all shapes and sizes and should have something to suit. Apply online today for a range of benefits, including:
Up to 70% no claims discount
Multiple car discount
24 hour claims helpline
Optional extras including breakdown and legal cover
