Vauxhall Slashes Young-Driver Insurance Costs
AUTO CENTRAL, UK -- July 7, 2014: Vauxhall offering young drivers aged 18-20 one year’s insurance for just £99 Average cost of insurance premium for drivers aged 18-20 is over £1,000 Deal available with Vauxhall Corsa Limited Edition and Excite models Corsa Excite available from just £189 per month with a £189 deposit Corsa Limited Edition from £199 per month with a £199 deposit Luton – Vauxhall is helping drive down the cost of motoring for young drivers by offering those aged 18-20 one year’s insurance cover for a one off payment of just £99, with the Vauxhall Corsa Excite or Limited Edition models.
Teaming up with insurance provider, ingenie, Vauxhall is helping its young customers get on the road more affordably with its popular Corsa models. As an added bonus, to reward good driving, each driver can earn the entire cost of the insurance back with good driving – up to £33 per quarter - meaning the total cost of insurance for twelve months could be paid back.
Each car is fitted with ‘black box’ technology which monitors driving style, including speed, acceleration, braking and cornering. Every 10 days – or 40 miles – ingenie will provide the driver with a score based on how well they are driving, along with feedback messages in a smartphone app on how to improve, and how much money they’re on track to save. After every three months, an overall score is provided and money can be reclaimed.
Black box technology encourages good driving, gives parents peace of mind and can also save the customer money in year two!
Customers can also benefit from Vauxhall’s Flexible PCP, which allows them to tailor their finance to suit their budgets. With deposits from zero upwards and zero per cent APR, customers can select finance terms between 24 and 36 months. Other routes to market are also available with this insurance offer, including Flexible Finance and cash purchases.
As an example of the Flexible PCP offers available, Corsa Excite is available from just £189 per month with a £189 deposit, while Corsa Limited Edition can be driven away from £199 per month with a £199 deposit at 0% APR.
“This is ground breaking news for young drivers, some of whom could still be paying upwards of £2,000 for insurance when they’re 18,” said Mark Pinkney, Vauxhall’s Marketing Programmes Manager. "We wanted to provide young drivers who buy their cars through Vauxhall retailers with affordable insurance to help them get on the road.”
“We’ve made it our mission to help get young drivers on the road without breaking the bank, and most importantly to keep them safe while they’re there,” said Richard King, founder and CEO of ingenie.
“Now, through our partnership with Vauxhall, we’re offering 18-20 year-olds a ground-breaking insurance premium of just £99 when they buy the most popular car amongst drivers insured with us.
“And, we’ll give that £99 back to them in full, if they demonstrate consistent safe driving. We believe this is the first time that potentially free insurance has been offered to this age-group.”