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Fees & Charges Information Specialist Cover From iKube Insurance

Our Fees & Charges

Administration Charges



New policy inception

£ 50

Administration charge including arrangement of box fitment

Renewal and Changes to existing policies (Mid Term Adjustments)

£ 35

When referring to Mid Term Adjustments, this  charge is in addition to any inception and renewal charges stated and any additional premiums due to the change of risk.

Cancellation in cooling off period (14 days from inception)

Retain Fee

Box Removal

The inception / renewal fee above is retained by us. Where a GPS box has been newly installed we will charge £40 for its removal.

Cancellation after cooling off period (14 days from inception)

£ 35

This is in addition to any retained commission below

Commission retention


If the policy is cancelled after the 14th day, we will retain the commission earned from the sale of the policy. The amount will be dependent on the annual premium and insurer.

Duplicate Documents and Cover Notes

£ 20

If more than one document is requested at the same time, only one charge will be made.

Ikube Box related charges


These charges are in addition to the administration charges above

First Year: GPS Box, installation and annual monitoring

£ 174

The box charge is non refundable after 14 days of cover.

Subsequent Years: Annual monitoring

£ 99

The box charge is non refundable after 14 days of cover.

Box Removal Charge

£ 40

The box can be decommissioned (deactivated) free of charge but if an engineer visit is required to remove it then this charge applies. A deactivated box will have no effect on the vehicle.

Change of vehicle box transfer

£ 100

Same fee applies whether both vehicles area available at the same or different locations

Failure to attend engineers appointment

£ 50

Mandatory charge per missed appointment or where less than 48 hours notice to change is received.

Lost / Irrecoverable box

£ 174

For example if car is sold / disposed of and box not available to transfer to new car being insured a new box will be required at annual full cost.

Red Hour Breach

£ 50

£ 75

£ 100

£ 50 between  23:00 and 23:29

£ 75 between  23:30 and 23:59

£ 100 between  00:00 and 04:59

Payment Charges



These charges are in addition to the charges above



20% plus box costs

If payment not made in full a deposit equivalent to 20% of the premium and fees plus the cost of the box will be required for new policies.

Payment by Direct Debit


Equivalent to 34.8% APR over 9 instalments (where deposit paid) or 31.2% APR over 10 instalments

Payment by Credit Card


Applied to amount paid by Credit Card. No charge for debit cards

Returned cheque

£ 30


Reinstatement of Direct Debit

£ 20


Missed Direct Debit payment

£ 20

This is in addition to any charges that may be separately levied by the finance provider.

iKube Insurance is a trading name of Towergate Underwriting Group Limited. Towergate Underwriting Group Limited is authorised and regulated by the Financial Conduct Authority.
Registered in England No: 4043759. Registered office: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent, ME14 3EN.