-- Telematics based insurance uses data from GPS systems to analyse driving data, which can give insurance companies unparalleled accuracy in setting insurance rates. For responsible drivers this secures a far better premium than traditional insurance, which is based on nebulous factors, most of which unrelated to the practice of driving itself. Telematics insurance has previously only been available to those with GPS tracking in their cars, but a new generation of smartphones means such an expensive installation can now be forgone, as explained in a new editorial on Compare The Box.
Compare The Box is a UK price comparison site for telematics based insurance providers, and the site’s owner and editor has published a new guides on the site about Smartphone App based insurance. These user friendly apps allow the people with the app, as well as the insurance companies themselves, to monitor their driving rating and constantly aim to improve their score, thereby lowering their premium.
This kind of up to date monitoring opens up telematics insurance to a whole new generation of drivers, and current predictions estimate that as much as 70% of insurance will be telematics based in just three years time. In getting ahead of the sea change, drivers stand to save a great deal.
A spokesperson for CompareTheBox.com explained, “The new trend toward using smartphones to monitor driving habits is an encouraging one. The initial expense of having GPS fitted to a car was off putting for many who might otherwise have been willing to give the system a chance. This new means of accruing tracking data eliminates that obstacle and helps insurance providers gain accurate data on which to base their premiums, this will result not only savings for careful drivers, but a genuine reason to increase road safety for all drivers.”
About Compare The Box: Compare The Box is the UK's only car insurance comparison website dedicated to Telematics based or "Black box insurance". It has the most comprehensive comparisons of all the main Black box insurance products on offer in the UK and it is just a matter of a click to get a quote for a vehicle from the best suppliers currently on the market. The site includes a resource center on telematics to inform those wishing to convert.
Contact Info:
Name: Neil Williams
Email: Send Email
Organization: Neil Kerr
Phone: 023 9309 2015
Website: http://www.comparethebox.com/
Release ID: 69061
Google
RSS