Wednesday, 15 February 2012

Motaquote & TomTom Launch Fair Pay Insurance

Motaquote are proud to announce the launch of Fair Pay Insurance, a new telematics car insurance product that's aimed at motorists who feel that they are unjustly penalised because of where they live, how old they are or their gender.

Motaquote has joined forces with TomTom to launch a product that recognises that drivers willing to be monitored and gives them the ability to demonstrate how good a driver they are. Fair Pay gives the customer preferential insurance premiums bundled with the latest navigation technology to feedback their driving behaviour. Just like a car’s MPG, the better the car is driven, the further the customer's ‘insurance fuel’ will go.

Fair Pay Insurance is ideal for anyone who is or expects to pay more than £1,000 for their car insurance and, in spite of being good drivers, feel that they are being unfairly charged.

Motaquote's Managing Director, Nigel Lombard, commented:

“If you genuinely believe you’re a good driver and are happy to have your driving behaviour monitored, we’ll believe you and we’ll even give you the benefit up front.”

Mr Lombard goes on to say:

“And our unique partnership with TomTom means that we are able to offer customers the very latest high-tech in-car TomTom navigation device with real-time driver feedback, enabling them to monitor and adapt their own driving behaviour on a day-to-day basis so they won’t get any nasty surprises as they go along or when it comes to renewal.”

Fair Pay is specifically designed for motorists who genuinely believe that they are good drivers but feel that they are unfairly charged due to "risk factors" that insurers use to calculate car insurance premiums - including their postcode, age, gender, an isolated motoring conviction or even the type of car they drive. All of these factors does not necessarily impact their ability to drive well. To prove that they are good drivers they're happy to have their driving behavious monitored.

The Managing Director for TomTom Business Solutions, Thomas Schmidt, commented:

“We are delighted to be working with Motaquote , who have recognised this potential in launching such a groundbreaking product.”

As car insurance premiums continue to rise, Fair Pay Insurance really does offer a fairer deal to motorists.

To find out more about how Fair Pay works please visit www.fairpayinsurance.co.uk

To find out more about TomTom and their technology please visit:
business.tomtom.com/en_gb/landingpages/telematics-services/

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