RAC partners with insurtech for new telematics product

RAC Insurance has partnered with telematics insurance specialist Ticker to licence and distribute a suite of connected motor insurance products.

Launching this week, the new telematics policy is aimed at people who have passed their test within the last eight years, or last two years if aged between 17 and 21.

By using a self-fit telematics box, they can be rewarded for good driving, such as getting reductions to their future premiums.

David Buxton, RAC Insurance chief executive, said: “This is the beginning of an exciting journey for us as we relaunch some tried-and-tested telematics insurance products alongside some brand new ones, aimed at drivers who we feel aren’t currently well-served by the market.

“Having the right partner to help us do this was vital and we’re delighted to be working with Ticker – a well-regarded, forward-thinking company and a genuine innovator in the insurance technology space.

“Whether it’s motorists starting their driving careers and looking for a competitive insurance policy, or lower-mileage drivers looking for a better deal, we have the products that meet their needs. And, by expanding our telematics-based insurance portfolio, we’re encouraging a new generation of safer drivers – something that complements the wider work the RAC does to promote improved safety on the roads.”

Further products

Further products aimed specifically at older drivers and those who drive low mileages will be introduced at a later date.

All products will be available via the RAC website and listed across price comparison websites.

Richard King, chief executive at Ticker, said: “The motor insurance landscape is shifting. Having new levels of data, including driving behaviour and the use of AI, is critical to remaining competitive.

”This partnership is the missing piece of the jigsaw for us – we’re now working with a major motoring brand. It’s going to be a significant step-change for Ticker to be in partnership with the RAC, one of the most recognised and respected brands in the UK.”