- MOTORING NEWS
VAUXHALL is helping drive down the cost of motoring for young drivers with a tempting insurance deal on two of its most popular models.
The brand is offering drivers aged 18-20 a year’s insurance cover for a one-off payment of £99 with the Corsa Excite or Corsa Limited Edition.
And as an added bonus, to reward good driving, each driver can earn the entire cost of the insurance back – up to £33 per quarter – meaning the total cost of insurance for 12 months could be paid back.
Vauxhall has teamed up with insurance provider ingenie for the initiative, as part of which each car is fitted with black box technology which monitors driving style, including speed, acceleration, braking and cornering.
Every 10 days – or 40 miles – ingenie will provide the driver with a score based on how well they are driving, along with feedback messages in a smartphone app on how to improve, and how much money they’re on track to save.
After each three-month period an overall score is provided and money can be reclaimed.
Customers can also benefit from Vauxhall’s Flexible PCP, which allows them to tailor their finance to suit their budgets.
With deposits from zero upwards and zero per cent APR, people can select finance terms between 24 and 36 months.
Other routes to market are also available with the insurance offer, including Flexible Finance and cash purchases.
As an example, Corsa Excite is available from £189 per month with a £189 deposit, while the Limited Edition version is from £199 per month with a £199 deposit at zero per cent APR.
Vauxhall marketing chief Mark Pinkney said: “This is ground breaking news for young drivers, some of whom could still be paying upwards of £2,000 for insurance when they’re 18.
“We wanted to provide young drivers who buy their cars through Vauxhall retailers with affordable insurance to help them get on the road.
Richard King, founder and CEO of ingenie, added: “We’ve made it our mission to help get young drivers on the road without breaking the bank, and most importantly to keep them safe while they’re there.
“Now, through our partnership with Vauxhall, we’re offering 18-20 year-olds a ground-breaking insurance premium of just £99 when they buy the most popular car amongst drivers insured with us.
“And, we’ll give that £99 back to them in full, if they demonstrate consistent safe driving. We believe this is the first time that potentially free insurance has been offered to this age-group.”