Pay-as-you-drive scheme to slash insurance rates
Page 8
If you've noticed an error in this article please click here to report it so we can fix it.
HAULIERS WILL be able to cut insurance bills by 25% using a -revolutionary" pay-as-you-drive scheme, according to insurer Towergate Insurance.
It has launched a new package called Azudrive, which allows drivers to only pay for the miles they cover.
The scheme has been piloted for four months.
Larry Smith, MD at Towergate, says: "This is a revolutionary product and could cut operators' bills by a quarter. We don't consider it fair that a haulier whose truck travels 40,000km annually, pays the same as a logistics firm that covers treble that amount."
Removal firms, skip operators and construction hauliers that frequently have low-mileage operations are expected to benefit from the new method of payment.
A spokesman for the Freight Transport Association adds: "The pay-as-you-use nature of the Azudrive service will benefit those who may not have their vehicles in use 24/7 It is an exciting development, especially in an environment where cost control is at the forefront of most daily agendas."