Middlesea Insurance is offering a motor insurance product aimed at young people aged 18 to 30.

Called Motormax, this product works via a telematics device which is installed in the client’s car and which records driving performance and events, without interfering with the workings of the car. ­Insurance premiums are then calculated based on an individual’s driving performance.

Good driving performance will lead to discounted premiums of up to 40 per cent upon renewal over and above up to 70 per cent no claims discount.

When calculating discounts, variables such as the time of day when the car is driven, speed in different types of roads and total mileage are taken into consideration. The good news is that driving performance can only lower the premium and cannot increase it.

Discounted premiums of up to 40% upon renewal

This device and its installation are free of charge and there are no subscription fees. Some of the benefits include daily feedback on driving performance via a mobile app, knowledge of car location in case of theft through GPS technology, automatic accident alert, whereby the Middlesea call centre is informed immediately in case of collision without having to call, free 24 hour assistance provided by Middlesea Assist, and 24/7 claims service.

For more information you can visit Middlesea Insurance head office in Floriana, any Middlesea Insurance-tied intermediaries around Malta or www.motormaxmalta.com.

Middlesea Insurance is licensed by the Malta Financial Services Authority.

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