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January 12, 2005

Pay-as-you-drive plan to lower young motorists' premiums

Norwich Union will offer today to alleviate the financial pain of the insurance industry's worst risk category - drivers aged 18-21.

The country's largest insurance company is launching "pay-as-you-drive" policies with charges based on mileage driven and avoiding the most dangerous time period for young drivers, between llpm and 6am.

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Posted by Tom Troceen