Black Box Car Insurance leads to 40% reduction in claims

Black Box Car Insurance has revolutionised the world of insurance, particularly over the past few years. Not only has it allowed for policyholders to monitor and review their own driving skills, it has allowed them to save more money in terms of their insurance premiums. Providing you're a good driver, it's a cost effective solution when it comes to your car insurance.

Let's discuss what Black Box Car Insurance is and how much it has grown in the past year...

What is Black Box Car Insurance?

Black Box Car Insurance involves a 'black box' device being fitted to your vehicle which then measures and reports on your driving performance. The 'black box' is fitted by an approved engineer at a time and location suitable for you and is usually hidden out of sight, underneath your dashboard.

It then measures factors such as breaking, speed and location in order to determine how good a driver you are. This information is then reported back to your insurer and the better you drive, the lower the premium you can expect to see upon your car insurance renewal. Black Box Car Insurance often benefits Young Drivers who are quoted higher premiums.

Black Box Car Insurance in the UK

According to recent figures published by BIBA, in the past year alone there has been a huge 40% increase in the amount of "Black Box" Telematics Car Insurance policies taken out in the UK. This has bought the total number of policies to nearly 455,000. Graeme Trudgill, Executive Director at BIBA commented:

We are delighted to see these figures increasing... Telematics is becoming the motor insurance solution of choice among Young Drivers as they can take control of their own premiums by electing to have their driving behaviour monitored... Industry statistics show there is a 40% drop in crash risk when a new driver has a Telematics policy. Telematics also help reduce theft claims, many doubling as vehicle tracker devices.

This proves how more and more people in the UK trust the methodology when it comes to Telematics. Not only can it help improve your driving ability, it can also help reduce your insurance premiums, particularly for Young Drivers.

If you haven't yet looked into this type of insurance, maybe 2016 is the time to do so? Here at Safely Insured we provide Black Box Car Insurance for Young Drivers. For further information visit our Black Box Car Insurance webpage.

More Information: Young Drivers Insurance | Black Box Car Insurance | New Driver Insurance