News

Cost of living crunch sees over-55s seek pay-as-you-drive car cover – Trakm8

By 2022-09-12T14:00:00

older couple

Driver apps across the board are also proving to be popular

Nearly half (47%) of all drivers aged over 55 would like their next insurer to offer a pay-as-you-drive (PAYD) policy, according to telematics provider Trakm8’s latest  survey results, published today (12 September 2022).

To compare, only 38% of respondents aged over 45 and 31% of those aged 18 to 34 said they were keen to move to a usage-based insurance solution.

Explore more telematics-related articles here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.