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Carrot targets young drivers with cash reward telematics plan

Motoring on

Insurance provider Carrot is to launch a plan that will see young drivers offered cash rewards for driving safely, with premiums adjusted at the end of each policy year.

The plan will see safe drivers offered quarterly rewards of to 15% annual cashback on premiums.

The firm added that bad driving would not be penalized through mid-term increases in premiums, with fees

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