Property News · March 26, 2016

Black box car insurance: a young driver’s new best friend behind the dashboard


Telematics-based motor insurance is teaching novice motorists better skills and reducing what can be sky-high premiumsIt’s the “black box revolution” that is slashing the cost of car insurance for young drivers, many of whom often struggle to find affordable cover. Figures have revealed a 40% surge in the space of a year in the take-up of so-called telematics-based motor insurance policies, with almost 455,000 people now using the technology to monitor their driving skills in exchange for cheaper premiums.The British Insurance Brokers’ Association (Biba), which issued the data, says these policies can result in savings of more than £1,000 for some young drivers. Meanwhile, price comparison website Gocompare.com, which puts the average saving at £740, has seen a 155% increase in the number of telematics insurance policies bought between September 2014 and August 2015. Continue reading…

Source : theguardian.com
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