Sixth insurer joins PAYD panel

Motor insurer Markerstudy has joined the panel of pay-as-you-drive (PAYD) online broker Coverbox.

Markerstudy joins five other major insurers and boosts the young driver and specialist insurance end of Coverbox's consumer proposition.

"Since day one, tech-savvy youngsters who are particularly switched on to our high-tech approach and free theft tracking have been bombarding our site, but young driver insurance is a perennial industry issue," said Sandy Dunn of Coverbox.

"However, Markerstudy's involvement now significantly enhances our policy offering range to young drivers - we're now genuinely super-competitive."

Gary Humphreys of Markerstudy said: "This is an extremely exciting development for us and will provide a massively wider young driver proposition for Coverbox.

"We focus on providing competitive young driver offerings, and the link with Coverbox will make our policies available to a wide range of young drivers.

"I also believe the Coverbox online monitoring feature and the free theft tracking will prove to be a significant draw."