UK car insurer offers cyclists a better deal
A UK car insurance provider aims to reward customers who are cyclists with better deals. Specialist broker, carinsurance4cyclists.com (Ci4C), is the first in the UK to observe the relationship between road cycling and a clean driving record and aims to give cyclists significant savings as a result.
The new way of providing insurance supports a theory that many cyclists will have already suspected – that road cyclists are safer car drivers than non-cyclists.
Cyclists make fewer car insurance claims
The broker analysed the claims data of drivers from the cycling community – mainly cycle club members and triathletes – over a 12-month period and found that road cycling enthusiasts have less than half the number of accidents compared to non-cyclists.
Nick Day of Ci4C said: “We knew there had been studies in New Zealand looking at the connection between motorcycling and improved car driving outcomes. It seemed logical that the concept could be exported to the UK’s cyclists but until now we had no definitive proof that we were on the right track.”
According to Ci4C data, the average driver claims at a rate of about 13% (13 drivers in every 100) but Ci4C discovered that only 6% of its clients – by definition, all cyclists – were involved in claims.
Nick continued: “Our proposition was always that an enthusiast’s on-road cycling experience should make them more alert and road aware.
“As a vulnerable road user, cycling certainly trains you to be more alert to the dangers of road use and better able to anticipate hazards.
“You’re more aware of how you fit into your surroundings and you’ll ride, or drive, accordingly.”
It’s thought that physical exercise plays a part, too. Nick said: “It leads to improved mental agility and we maintained that would make you a more responsive driver. We’re really thrilled that the statistical evidence is there to validate the supposition.”
Better insurance deals for driver-cyclists
The good news for road cycling enthusiasts is that carinsurance4cyclists.com can confidently offer special rates that reward cyclists’ improved driving skills and the reduced road risk they represent.
As a result cycle club members and triathletes are currently saving an average of 22% against their existing renewal quotes by switching to carinsurance4cyclists.com.
For a comparative quote, cyclists should contact Car Insurance for Cyclists.
Carinsurance4cyclists.com is a trading arm of Chris Knott Insurance, a niche broker that has been operating since October 1983. Chris Knott Insurance is authorised and regulated by the Financial Conduct Authority.
In addition, carinsurance4cyclists.com achieved a mean average new business saving of 21.9% against customers’ existing renewal quotes where supplied in the period 01/01/2018 to 18/07/2018.
Plus benefits for children in Malawi
Profits generated by the Chris Knott Insurance scheme are given to a charity that supports poor, vulnerable and orphaned children of Malawi through the provision of education, healthcare and vocational training. See www.starfishmalawi.com.
Note: For each new lead generated I receive a small commission.