Towergate launch Azudrive haulage insurance
TOWERGATE Insurance, insurance brokers to the Freight Transport Association (FTA) and the Road Haulage Association (RHA), have announced the launch of Azudrive, a pay-as-you-drive insurance product for the haulage industry.
Azudrive calculates an individual rate per kilometre for the customer from their standard insurance premium, and multiplies this by the number of kilometres travelled every month.
The product utilizes digital tachographs, now fitted as standard in all heavy goods vehicles, to record the distance travelled. As a result, drivers pay only for the distance they actually drive.
The product is designed to eliminate a flaw in the way the UK haulage insurance industry is currently structured, whereby two identical operators may pay the same insurance premium when one is doing 40,000km per year while the other is doing 80,000km.
Azudrive has been endorsed by the FTA, who said the new ‘pay as you use’ nature of the Azudrive service would benefit many operators, especially those who may not have their vehicles in use 24h a day, seven days a week.
Amanda Blanc, deputy group CEO of Towergate Insurance, says the product is an undeniably fairer method of insurance premium calculation. ‘Whether you’re a goods vehicle operator doing local haulage and struggling to find regular work, or generally doing below average mileage, Azudrive could potentially save operators up to 25% on their insurance premium,’ she commented.
For further information contact Adam Smith at Towergate Insurance on tel: (01952) 298693.
Azudrive calculates an individual rate per kilometre for the customer from their standard insurance premium, and multiplies this by the number of kilometres travelled every month.
The product utilizes digital tachographs, now fitted as standard in all heavy goods vehicles, to record the distance travelled. As a result, drivers pay only for the distance they actually drive.
The product is designed to eliminate a flaw in the way the UK haulage insurance industry is currently structured, whereby two identical operators may pay the same insurance premium when one is doing 40,000km per year while the other is doing 80,000km.
Azudrive has been endorsed by the FTA, who said the new ‘pay as you use’ nature of the Azudrive service would benefit many operators, especially those who may not have their vehicles in use 24h a day, seven days a week.
Amanda Blanc, deputy group CEO of Towergate Insurance, says the product is an undeniably fairer method of insurance premium calculation. ‘Whether you’re a goods vehicle operator doing local haulage and struggling to find regular work, or generally doing below average mileage, Azudrive could potentially save operators up to 25% on their insurance premium,’ she commented.
For further information contact Adam Smith at Towergate Insurance on tel: (01952) 298693.
