In 2017, the number of black box car insurance policies in the UK was almost one million.
Black box, or telematics, policies involve installing a small device in the vehicle that measures data such as speed, distance, braking, steering and more.
The insurer can then analyse this data to see if the car has been driven in a safe manner and adjust the insurance premium accordingly.
Read on to learn some of the black box car insurance pros and cons.
There are a number of reasons why sales of this type of policy are continuing to grow.
The most obvious benefit is that telematics policies are cheaper, provided that you drive in a manner deemed safe by the insurer.
This makes these policies an excellent choice for new or young drivers who might otherwise face very high premiums.
If you are involved in an accident, you have evidence such as the speed that you were driving which can be vital in an insurance claim.
It also means claims are usually resolved more quickly with these types of policies.
Some policies allow you to access your own data. This can be very useful in improving your own driving habits.
If your car is stolen, the GPS capabilities of the black box will help you be able to locate it.
There are some potential downsides to this type of policy.
You must drive in a manner that the insurer deems safe. If not, you may find yourself paying more for this type of policy than you might have done for a standard policy.
Some policies have a limit on how many miles you can do before the premiums rise. There may also be curfews as to when you can use your vehicle, as driving at night presents a higher risk of accidents.
If you let someone else use your car, you may be penalised if they don’t drive sensibly. This means this type of policy is not really suitable if you’re intending to share the car with someone else.
If you want to know if this type of insurance is right for you, then you need to weigh up the black box car insurance pros and cons.
If you’re a new driver, black box insurance can be a great way to be able to find affordable car insurance. If you’re looking for driving lessons or even just a refresher course, then you’re in the right place. We’re small, local, independent driving school based in Teddington, with many happy and successfully passed pupils, most of whom pass the first time.
To learn more or to book some lessons, get in touch with us today.