RAC Insurance has launched a new partnership with telematics specialist Ticker to roll out a series of connected motor insurance products, starting with a new driver policy now available on the RAC website and leading price comparison platforms.
The partnership sees the RAC enter the telematics market with a range of policies designed to meet the needs of underserved segments, including new drivers, older motorists and those who drive fewer miles.
The first product targets those who passed their test within the last eight years, or within the last two years if aged between 17 and 21.
Customers will use a self-fit telematics device to monitor driving behaviour, rewarding safe driving with future premium reductions and protecting no-claims bonuses in the event of a collision with an uninsured driver.
David Buxton, CEO of RAC Insurance, 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.”
Ticker, founded in 2019, has established itself as a leading provider of behaviour-based insurance products. The company’s use of driving data and artificial intelligence aims to make premiums more affordable and better aligned with individual risk profiles.
Richard King, founder and CEO of 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.”
