Collaboration of RAC and Ticker for Coverage on Connected Vehicle Technology
RAC Insurance, a leading UK motor insurer, has teamed up with telematics provider Ticker to launch a suite of connected motor insurance products aimed at new and young drivers. The new offering includes a telematics insurance policy specifically designed for drivers aged between 17 and 21, a demographic that typically faces higher premiums due to risk factors.
The partnership with Ticker enables RAC Insurance to gather real-time driving data, allowing the insurer to better understand individual driving behaviours. This data-driven approach aims to reward safer driving habits and potentially reduce insurance costs for responsible young drivers.
The telematics insurance policy for new and young drivers offers a range of benefits. While precise pricing details were not disclosed, connected telematics insurance generally provides more personalised premiums based on actual driving performance rather than demographic proxies alone. Additionally, RAC's products combine this with their longstanding roadside assistance services, such as rapid patrol arrival times and on-the-spot fixes for the majority of breakdowns.
This initiative forms part of RAC Insurance's broader effort to innovate in motor insurance by offering more tailored and dynamic policies that appeal to younger drivers. By incentivising safer driving and providing improved safety feedback, RAC hopes to attract a new generation of customers.
In addition to the new policy for young drivers, RAC has also launched ConnectOne, a fleet telematics insurance product for businesses and fleet operators. The RAC's dedicated telematics division, RAC Connected, is also partnering with Continental Automotive for more efficient fleet management.
Ticker, the new partner, is a forward-thinking company and a genuine innovator in the insurance technology space. Founded in 2019, Ticker is a leading provider of connected motor insurance in the UK, catering to specific needs such as new drivers, older drivers, and low-mileage drivers. Products for older drivers and low-mileage drivers will follow.
The new telematics-based insurance products offered by RAC and Ticker are designed to encourage safer driving and provide more affordable premiums. The policy uses a self-fit telematics box, and young drivers can earn premium reductions by demonstrating good driving habits. Moreover, the no-claims bonus is retained if hit by an uninsured driver.
For more detailed information about the new telematics insurance policies, visit the RAC website. The partnership between RAC Insurance and Ticker represents a significant step forward in the use of technology to make motor insurance more accessible and affordable for a wider range of drivers.
The partnership between RAC Insurance and Ticker enables the collection of real-time driving data to create a telematics insurance policy for new and young drivers, aiming to reward safer driving habits and potentially reduce insurance costs. This policy offers benefits such as personalised premiums based on actual driving performance, roadside assistance, and the retention of no-claims bonus if hit by an uninsured driver. Young drivers can earn premium reductions by demonstrating good driving habits, making motor insurance more accessible and affordable for a wider range of drivers.
