Are telematics and black box insurance the same?
Yes, a telematics policy is a different way of referring to a black box insurance policy. Some insurance providers call their policies telematics and others black box.
What is a Black Box insurance policy ?
A black box policy is a way to get an insurance policy more closely linked to your driving. Usually insurance providers rely on lots of statistics to tell them which class of driver is high and low risk. By using a black box fitted inside your car, or an app on your phone, the insurance provider will know how you actually drive. They can then accurately calculate or adjust your premium – and that could mean a cheaper car insurance deal for you.
Is a Black Box fitted to my car?
About the size of a mobile phone, the black box is usually fitted to the dashboard or under your bonnet. If your car were stolen, your black box could become a very handy tracker to help locate it. Some insurance providers use an app on your smartphone to track your driving, instead of a black box.
How does the black box encourage safe driving?
Basically, your black box monitors when, where and how you drive. It measure various things, like:
- Mileage: if you drive a lot, you could be seen as a greater potential risk.
- Speed: do you stick to the speed limits?
- Steering and braking: do you steer gently or veer violently? Are you braking steadily, in plenty of time, or are you breaking too hard?
- Time: this is used to determine whether you drive at statistically riskier times, such as rush hour or at night.
- Location: are you using busy roads, driving in town centres or on quiet country lanes, for example?
Using this information, car insurance providers can calculate how good a driver you are and work out how much your premium will be.
Can I see the data from my black box?
Yes, you can, so you’ll be able to see what you did well (and what didn’t go so well). This gives you the chance to change your driving habits and potentially bring down your premium in future.
Benefits of a telematics policy?
Because a black box records how you drive, your premium will be based on your data rather than statistics of similar drivers. And because your black box also checks speed, braking and acceleration, it’s a good way of recording accidents. Any strong impact will be relayed back to your insurance provider, which could help with any claims made, and some providers can notify the emergency services quickly if a serious accident happens.
Can a Black Box insurance Policy make a much difference to my premium?
Yes it will. But it does depend on how you drive. If you decide to fit a black box then hit the roads like a rally driver, you could face bad news when you renew your insurance. On the other hand, drive sensibly and using a black box could reduce your premiums. Sometimes, you’ll need to wait until your annual renewal is due to get the cost of your insurance adjusted. Other insurance providers offer monthly adjustment periods where your premiums are changed based on your recent driving behaviour.
Will my data be shared with other Car Insurers?
No. Information from your black box will only be used for calculating your policy price. And information will only be given to the police if they make a request as part of a criminal investigation. i
I am an Older Driver, Can I get black box insurance?
Yes, there’s no reason why experienced and older drivers shouldn’t also consider black box insurance instead of traditional policies.
Statistics from our website from 1 April 2016 to 31 March 2017 show that a black box insurance policy was the most affordable option for 64% of drivers under the age of 24, based on quote comparisons. Although this figure substantially drops as the age ranges increase, drivers between the ages of 25 and 29 still found that black box policies were the cheapest in 27% of quote comparisons.
Extra costs involved with a black box insurance policy?
There isn’t usually a charge for installing the black box but, be warned: the cancellation and disconnection fees can be high for this kind of policy. And if you want to switch to a different telematics provider, you’ll probably need to have another device installed. Each insurance provider uses slightly different technology.
Can a black box policy restrict where I can drive?
Some telematics policies come with restrictions, such as the time of day and places you can drive. So check the small print. You don’t want to be saving money on your car insurance if it means you can’t get to your destination at the right time.
Compare black box insurance quotes?
We provide services that enables you to compare car insurance quotes. enter the details about you and your vehicle and one of our car insurance companies will do everything for you. We’ provide thecheapest quotes from a range of car insurance providers and you can find out about each policy..
There’s are “telematics” option boxes, you can include telematics car insurance policies with the other standard quotes. As with all types of car insurance, all telematics policies are different, so always have a careful look at what’s included.
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