Drive Wiser Fees and Charges

What will you pay us for our services?

All premiums quoted will be the total cost which you will pay including Insurance Premium Tax (IPT) and our commission and fees, but excludes interest that will be applied if you pay by the instalment credit facility. Our commission, fees and charges are non-refundable.

The table shows the charges applicable at the time of issuing.

Type of Transaction

Service Charge

Non-refundable New Business set up fee

£125*

Non-refundable Renewal fee

£100*

Changes or Amendments to policy

£35*

Cancellation within 14 days

£25*

Cancellation after 14 days

£50

*In addition to the new policy, mid-term amendment and renewal arrangement fees, where your insurer pays us, or we set the commission at less than 25% an additional fee may be levied. The monetary amount of any such fee will be fully disclosed to you prior to purchasing/amending/renewing the policy. In the event that your policy is cancelled and there is a refund of premium or there is a refund following a mid-policy change, a pro-rata refund of this fee will be made.
 

Charges relating to your Telematics Device (Black Box)

The cost of a self-fit Telematics Device is £90 and is included within the total cost of your policy.

The table shows further charges relating to your Telematics Device. 

Type of Transaction

Service Charge

Change of Vehicle:
- If a new telematics device is required
- If the telematics device is transferred from the previous vehicle

£90
No charge

Device Replacement fee:
(Where you or a third party has misplaced or broken the Telematics Device, we may charge this fee to cover the cost of issuing a new device)
- If a new telematics device is required

£90

Repair or replacement of the Device if faulty

No charge