Quotezone Adds Carrot Insurance to Its Panel

The latest update from Quotezone for you;

Carrot Insurance, Acorn Group’s digital-first, telematics-based motor insurance brand, designed to reward safe driving through data-led pricing and customer engagement, joins leading price comparison site Quotezone.

As premiums for younger drivers continue to be the most expensive of any age group, it’s created a surge in demand for telematics products across this category, as new drivers search for more affordable solutions.

Two-thirds of 18–25-year-olds now opt for telematics over traditional insurance policies, reporting lower annual insurance premiums of up to 20%.

Last year the Acorn Group – the UK’s leading non-standard providers of car, van, taxi and household insurance to retail customers – acquired telematics business MyPolicy to further strengthen its telematics offering with young and low mileage drivers. This market continues to grow in significance,  as evidenced by recent research that reveals 61% of young drivers  are likely to take up a telematics product at renewal.**

With accident rates for this at-risk age category remaining disproportionally high and repair costs on the rise, it is likely that telematics products will play an important role in the future of competitive insurance pricing.

Dan Ward, Telematics Director at Acorn Group comments:  “Quotezone is set to play an important role in helping young drivers access and compare insurance options quickly and transparently. Making Carrot available through these platforms supports our strategy to provide affordable premiums and support safe driving via black box insurance.

“As demand for telematics continues to grow among younger drivers, expanding our presence across comparison channels allows us to reach the customers who are actively seeking more affordable insurance solutions. Not only that, each customer that buys a Carrot policy via Quotezone joins the thousands of drivers across the UK that are making a commitment to drive safely in return for reduced premiums at renewal.”

Quotezone Founder and CEO Greg Wilson comments: “In the past some customers may have been reluctant to try telematics products, perceiving them to be more difficult to set up than traditional products but research now shows that once customers try telematics products, two-thirds are satisfied or very satisfied with the financial savings.

“Also, advances in technology now means telematics can be incredibly straightforward, in many cases, simply linking to the driver’s phone – giving customers more control over their premiums, with safe driving more likely to result in reductions.

“We’re looking forward to working with the team at Carrot Insurance. Young drivers are under a lot of financial pressure and telematics is a smart choice for those who want to demonstrate that they can be safe and careful drivers right from the get-go.”

Now over 20 years old, Quotezone.co.uk is one of the leading price comparison sites in the UK, with over 4 million customers every year and one of the widest product ranges available in the industry.