A new car insurance policy has been launched that will offset 100% of the customers' CO2 emissions for the duration of their policy, as well as make a contribution towards tackling global climate change.

Created by insurance intermediary Budget, ibuyeco allows customers to offset all of their carbon emissions by paying a small additional fee.

Payments are based on the type of vehicle and the estimated mileage details provided by customers. Emissions are calculated using guidelines from several key groups and bodies, including DEFRA whose guidelines are used by other government departments when appraising their policies.

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Traffic jams pose car insurance risks

British drivers could risk more than their motor insurance premiums when they drive dangerously as a result of traffic jams, according to a new survey.Motor insurance provider Zurich claimed that Britons waste two weeks of their life stuck in traffic, with resultant boredom and frustration putting road users at risk.Almost a third polled said they would use their mobile phone in such a case, while 17 per cent would get out of their vehicle to stretch their legs. Meanwhile, traffic jams were found to lead to road rage too, with more than a quarter swearing at other drivers. One in ten admitted to attempting risky manoeuvres to make a getaway from traffic.The car insurance firm's head of motor underwriting Roy Seeds advised drivers to check travel news before setting off on their journey.However, if they do get caught up in traffic, car insurance customers should refrain from getting frustrated and find a way to remain "calm and alert".He added: "Risking a quick escape from a queue may look like short term gain, but could end up in long-term pain if you get caught."According to the RAC, congestion hotspots include the northern, eastern and western sectors of the M25, the M1 through Nottinghamshire and South Yorkshire, and the M6, in particular between the M6 Toll and in the Birmingham area.Three in four motor insurance customers could save on their cover with Kwik-Fit Insurance, according to research conducted last year.© Adfero Ltd
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Drivers dislike car insurance safeguard devices

Despite potentially aiding drivers in avoiding a car insurance claim, the number of motorists stating that they approve of speed cameras has fallen by more than 20 per cent since 1999.A recent study by the Institute of Advanced Motorists highlights that 69 per cent of car insurance customers support the devices, marking a reduction of more than 20 per cent compared with eight years previously when nine in ten motorists were encouraged by the cameras.Paul Smith, founder of road safety group Safe Speed, recently said: "Speed cameras are to road safety what a hammer is to watch repair.""Speed cameras are 'bad psychology' and have a wide range of damaging side effects. They are the hammer that is damaging road safety."In addition, the findings showed that more than 25 per cent of respondents or a member of their household may have risked their car insurance premiums by speeding and being caught by one of the devices.On average, drivers could save 16.4 per cent on their motor insurance with Kwik-Fit Insurance; research from last year has shown.© Adfero Ltd
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Eco-campaigner and Model Laura Bailey Launches ibuyeco, the ...

To coincide with World Environment Day, model and green campaigner, Laura Bailey, is helping to launch ibuyeco, the new eco-friendly car insurance scheme which enables people to make a practical contribution to help tackle global climate change. The launch is taking place in the heart of south west London; the home of the infamous 'Chelsea Tractor' and a symbol of the environmental problems caused by UK school runs.

Despite increasing environmental concerns, it is estimated that the UK school run contributes over two million tonnes of CO2 per year(X) (more than the annual emissions of the Bahamas!) However, with ibuyeco, drivers can now use part of their insur ance to counter the damage done by their cars to the environment by offsetting all of their CO2 emissions for the duration of their policy.