Carrot Insurance urges government to incentivise young drivers’ telematics usage by removing IPT

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Responding to the House of Commons’ Transport Select Committee’s inquiry into the reasons why young drivers are at a higher risk of being involved in road traffic collisions, the black box insurer believes all 17 to 22-year-olds should have a telematics policy for a year after they pass their driving ...

Telematics provider Carrot Insurance is lobbying the government to reduce or remove insurance premium tax (IPT) for young and new drivers who are using black box insurance policies – the insurer believes this type of “fiscal nudge” will minimise the risk of this demographic being involved in road traffic collisions and “enable the government to make a major contribution to road safety”.

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