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Mark Bower

Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.

I-kube car insurance for young drivers - Our review highlights the features and pitfalls of the policy

I-kube car insurance for young drivers - Our review highlights the features and pitfalls of the policy

iKube insurance policies - the details

iKube young drivers car insurance is another option for young drivers looking for cheap car insurance

The iKube insurance policy for young drivers is designed for those who do not wish to drive at night, and in return for this pledge lower premiums are promised.

The logic behind the policy is simple - the most expensive claims for motor insurers are not the hundreds of nudges whilst parking - but those headline grabbing cases where a car full of youngsters is involved in a serious accident late as night, often entailing life changing injuries. For an insurance company these result in multi million pound personal injury claims, and therefore the market is growing in car insurance policies that only cover daytime and evening driving.

iKube works by having a monitoring box attached to the car, and should it be used between 11 p.m. and 5 a.m. an additional £1 fee is levied for each night it is used.

Whilst younger drivers are often not that keen on having their night time forays curtailed many accept it when they see the cost differential between an iKube policy and standard cover - and many parents see the real benefits for inexperienced drivers gaining in confidence before they start driving a car load of mates, late at night, with all the distractions that entails.

iKube also offer the opportunity for learner drivers to guarantee that their premium will not rise on passing their test - and as we have seen some newly qualified drivers being asked for substantial increases during the course of a premium year on passing this is well worth considering. In the past all iKube policies had this benefit, but we understand that as the company widen the number of underwriters they use this may only apply to some policies, so do check when seeking your quote.

Finally a further benefit of having a tracker box in the vehicle is that if it is stolen the tracker can be used to pinpoint the location of the vehicle.

We suggest the best way to learn more about the policy is to give the iKube team a call on 01443 420 662 (please mention MoneyMaxim) and one of their team will explain the ins and outs of having one of their policies, the process to get a box fitted, and be able to answer any questions. More information is also available on the iKube website

We do see a growing interest in this type of insurance - no doubt partly driven by the balloning cost of standard policies. Prices of policies from young driver specialists such as Admiral, Collingwood, Quinn, Diamond, Bell and Elephant can be obtained through the young drivers comparison service in order a proper comparison can be made.

In summary - a worthwhile policy to get a quote from - as long as you can make it suit your lifestyle!

iKube insurance - further information