Ingenie Insurance is revolutionizing the car insurance industry with its telematics technology, personalized approach, and focus on safe driving. The company encourages better driving habits through feedback and rewards, setting itself apart from traditional insurance providers. Ingenie utilizes black box devices to assess individual driving behavior, providing regular feedback to help customers improve their skills. With premiums reviewed three times a year, the company aims to reduce insurance costs for good drivers, allowing customers to earn up to an extra 21% off their insurance. Notably, over 70% of customers earn a discount for their driving behavior, with insurance premiums decreasing by around 45% after a year with ingenie. Additionally, the company offers flexible cover for learner drivers, safeguarding the car owner's No Claims Discount during practice. Established in 2010, ingenie operates in the Insurance, Car insurance, and Automotive industries and has a strong presence across social media platforms. Overall, ingenie's innovative approach, commitment to safe driving, and potential for cost savings position it as an appealing investment opportunity in the insurance and automotive sectors.
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