Tesco Bank Box provides telematics-based policies for young drivers – a group that pays more than others for car insurance due to the high number of accidents and claims made by motorists under the age of 25. Telematics, or ‘black box’, insurance can cut costs for young drivers as premium prices are calculated using real-time driver data instead of a set of assumptions.
Available for drivers who cover no more than 10,000 miles each year, Tesco Bank Box monitors driving through a telematics black box fitted to your car, and incentivises safe driving by offering up to 100 extra miles each month. There is an online dashboard for you to check your driver score and pick up some tips to improve it.
Tesco Bank Box Insurance is administered by Insure The Box and underwritten by its specialist range of insurers.
Contact Tesco Bank Box Insurance
What types of cover does Tesco Bank Box Insurance offer?
Tesco Bank Box Insurance is only available on single-car, comprehensive insurance policies.
Information about Tesco Bank Box Insurance
Tesco Bank Box Insurance offers a number of benefits for policyholders, including:
- Courtesy car while yours in is for repairs (conditions apply)
- Windscreen cover
- Up to £100,000 of Motor Legal Protection
- Earn bonus miles for safe driving
- Guaranteed discount for Clubcard holders
- Accident alert and theft tracking via the black box
Breakdown and key cover are available as optional extras.
Tesco Bank Box’s credentials
Tesco Bank Box administered by Insure The Box, which is authorised and regulated by the Financial Conduct Authority.
How telematics can help cut the cost of car insurance
Insurers see young drivers as a ‘higher risk’ group and push up the price of cover accordingly, but there are a few simple steps you can take to help keep costs down, even if you’re a teenager and you’ve just passed your test.
If you’re careful driver, a telematics policy offers an ideal way to cut the cost of cover as your premium price is based on your actual driving style, and not upon how other drivers in your age group perform. Some policies even offer discounts after just a few months.
Adding an older, named driver to your policy can also lower prices, as can cutting down on the number of miles you drive each month. Check out the video below for more cost-cutting tips.