Financial Consumer in car insurance category

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Pairs of A-share companies owned by the latter part of profit to continue to look kindly on a further manifestation of A-share market is [...]

Financial Consumer in car insurance category 23 day’s most sought after investment funds across the country more than 70 fund managers and investment managers survey showed that nearly half of institutional investors

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Little black box technology helping drivers beat car insurance increases

15.09.11

The little black box is helping drivers beat the spiralling costs of car insurance , new statistics have revealed. On average car insurance premiums have risen by 30% over the course of the last year, however thanks to advances in telematics and a fall in the cost of these monitoring devices, more and more drivers are able to take advantage of this type of car insurance which leads to a significant reduction in the cost of an annual premium.

The black box is the same size as a smart phone and is installed in the car to analyse the driver’s style, skill, habits, and time of day they are driving in order to personalise the motorist’s premium.

Those who display careful and non risk taking driving styles will more likely than not, to benefit from a lower rate of cover. For that reason, insurers are offering the technology to first time and younger drivers in a bid to help reduce the often unaffordable high rate of cover for these motorists.

Source: Motor Insurance News

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