By The Mile
Norwich Union has come up with a pay as you drive insurance scheme.
The car will be fitted with a ‘black box’ that measures how many miles the car has travelled and the driver will be charged per mile for doing so. The ‘black box’ will also record the speed that the car travels at and where. A spokesman for Norwich Union declared that the insurance company would not use the speed data in any way whatsoever. Yeh! Right!
A figure of £1 per mile was mentioned for young drivers after 11:00pm.
Now that is a crackpot idea but what’s the betting that other insurance companies are keeping an eye on the situation.
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