Tesco Bank Box Insurance Review

What is Tesco Bank Box Insurance?

Tesco Bank Box Insurance is a new way of providing car insurance for young drivers. It is designed to give drivers the flexibility to pay for their cover over the course of a year, and it also rewards good driving with discounts. It is the first of its kind in the UK, and it has been designed to help young drivers get on the road affordably. With Tesco Bank Box Insurance, drivers can pay for their cover in monthly instalments, allowing them to spread the cost over the course of a year. They can also receive up to a 25% discount on their premium if they drive safely, by tracking their driving with a small device fitted in the car.

How Does Tesco Bank Box Insurance Work?

Tesco Bank Box Insurance works by fitting a small device in a driver's car that tracks their driving. This device records data about their driving, including speed, braking and cornering. This data is used to calculate a driver's driving score, which is then used to determine the discount they receive on their premium. The higher the score, the greater the discount. The device also acts as a deterrent, as drivers are less likely to take risks if they know their driving is being tracked. It also helps to reduce premiums by helping to identify drivers who are most likely to have an accident.

What Are the Benefits of Tesco Bank Box Insurance?

Tesco Bank Box Insurance has a number of benefits for young drivers. Firstly, it allows drivers to spread the cost of their car insurance over the course of a year, making it more affordable. It also rewards drivers for driving safely, with discounts of up to 25% available for those who maintain a good driving score. Finally, it acts as a deterrent to risky behaviour, as drivers are aware that their driving is being tracked.

What Are the Drawbacks of Tesco Bank Box Insurance?

Tesco Bank Box Insurance has some drawbacks, which need to be considered before taking out a policy. Firstly, it is only available to drivers aged 17-25, so older drivers will not be able to benefit from the discounts available. Secondly, it requires the installation of a device in the car, which some drivers may not be comfortable with. Finally, the discounts available are only up to 25%, so drivers may still end up paying more than they would with a traditional car insurance policy.

Should I Get Tesco Bank Box Insurance?

Overall, Tesco Bank Box Insurance is a good option for young drivers looking for an affordable way to insure their car. It rewards drivers for driving safely, and it allows drivers to spread the cost of their car insurance over the course of a year. However, it is important to consider the drawbacks before taking out a policy, such as the fact that it is only available to drivers aged 17-25 and the discounts available are only up to 25%. Ultimately, the decision to take out a policy should be based on a driver's individual circumstances.