Customers would also be offered the same deal everytime they renew with the firm without making a claim on their previous deal.
Downsham Humzah, product director at More Than, said that the business hoped to offer drivers "a great deal from the start" and reward loyalty.
"We hope this great offer will ease the strain on the pockets of those looking to buy motor insurance in the current economic climate."
Last month, More Than launched a new car insurance product designed specifically for female motorists.
The company's new Women Drivers package includes features such as female-friendly repairers, roadside assistance, handbag cover and child car seat replacement.
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.