Save Money on Your Shopping and Get Extra Insurance Miles at the Same Time
Online, January 12, 2011 (Newswire.com) - Launched last June, insurethebox charges all its customers according to the number of miles they drive. It has now added a virtual shopping mall, the ShoppingBox, to its website so that policyholders can buy on-line from hundreds of household names. As well as receiving special offers on many of the goods purchased, drivers get 2.5% of their spending converted into additional "reward" miles.
"We're offering motorists, especially young people, the chance to cut their insurance bills by doing something they would do anyhow - shop online," said insurethebox Business Development Director, Mark Grant. "This will go at least some way towards offsetting the rising costs of driving."
Average UK motor premiums have seen record increases with young drivers having to pay nearly 50% more in just a year, according to the AA. Personal injury claims and, to a lesser extent, fraud are blamed for the trend.
ShoppingBox means that Insurethebox's customers now have two ways in which they can obtain extra insurance mileage. Since its launch the company has monitored the way motorists drive through a 'clear box' installed at its expense in policyholders' cars.
If they have driven well, then they can earn up to 100 bonus miles every month. The better the driving, the bigger the bonus.
"With the number and variety of retailers available the policy holder's entire family can make purchases in the ShoppingBox and so further increase the opportunity to earn reward miles and reduce the cost of their car insurance," said Grant.
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For further information, contact Mark Baylis 023 8065 1473, 07775 693994, mark.baylis@insurethebox.com
Parm Evans, 07024 044114, parm@parmevanspr.com
www.insurethebox.com
Notes to editors: launched in June 2010, insurethebox's joint chief executives are Mike Brockman and Andy Haynes. Brockman was a co-founder of EMB in 1993, which then grew to become the world's largest non-life actuarial consultancy and has won two Queen's awards for Enterprise. Andy Haynes has specialised in private car insurance throughout his career. His most recent position was as Group Chief Executive of Guardian Holdings Limited (Europe).