DriveScore launches world's first discounted car finance for good drivers

Mobility
30/01/2025 News

DriveScore, a free app that rewards safe driving, has introduced the world’s first car finance discounts for good drivers. Through partnerships with lenders such as Zopa Bank, Admiral, AA Car Finance, and My Car Credit, DriveScore users with high driving scores can save an average of £170 on their car loans.

Leveraging telematics for financial benefits

Using technology from Cambridge Mobile Telematics, DriveScore assigns drivers a score out of 1000, with 750+ indicating good driving behavior. Until now, DriveScore users could share their scores with insurers to receive lower premiums. With this latest move, those same safe-driving habits can now lead to better car finance deals as well.

Andrew Hooks, Managing Director at DriveScore, highlighted the significance of this innovation:
"We are bringing a completely new concept to market—showing that safer driving can save money not just on insurance, but on car finance too. This empowers drivers to use their personal data for financial benefits."

A data-driven approach to safer, smarter lending

As part of The ClearScore Group, DriveScore benefits from insights gathered across thousands of users. Data analysis shows that good drivers are significantly less likely to miss repayments on loans, credit cards, and car finance. This has allowed lenders to offer more competitive rates based on actual driving behavior rather than just credit scores.

With over 750,000 downloads and two billion miles logged, DriveScore is reshaping how insurers and lenders assess risk. By making telematics more mainstream, the platform not only helps consumers save money but also enables financial institutions to refine pricing models and acquire customers more efficiently.

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