Car insurance news
Young drivers could save 40% on car insurance premiums
Car insurance provider, More Than, is piloting a new form of insurance for young people to help reduce the number of road accidents at night.
The cheap car insurance, however, comes with a catch. People between the age of 18 and 25 won't be able to drive their vehicles between the hours of 11pm and 6am.
The initiative called Drive Time will restrict young people from driving late at night in a bid to cut car accidents and could save drivers 40% on their standard motor insurance premium.
More than will be able to trace vehicles with a device fitted free of charge into customer's cars, which sends messages to More Than whenever the engine starts or stops.
Drive Time could potentially cut down the costs of insurance premiums and save young drivers from shopping around for the best online car insurance deals.
Bryan Turner, the head of Drive Time at More Than, said, "High accident rates for young drivers on the roads at night are a major issue and we have been working for some time to come up with a solution to reduce these.
"Drive Time provides a fantastic way for young, safe drivers to avoid being on the roads at the most dangerous times and can also save them a significant amount off their insurance."
More Than is currently looking for drivers to take part in the pilot scheme, which will initially involve 2000 vehicles.