premium based on how you drive.
Car insurance can be a confusing topic, especially with the variety of options available in the market. One type of car insurance that has gained popularity in recent years is black box insurance. Although black box insurance policies were initially devised to help young drivers reduce the cost of their insurance premiums, more and more drivers now opt for them to try to save money too.
In this blog post, we'll take a closer look at the ins and outs of black box insurance, including how it works and the benefits, so you can determine whether it might be a suitable option.
When you buy a telematics insurance policy from an insurer, a black box will be fitted to your car. This black box is a small GPS-tracking device that monitors your driving habits. The exact information recorded will depend on the insurer, but you should be told before you take out the policy.
You will be told in advance precisely what kind of information your insurer will record when you have a telematics policy. Typically, most insurers monitor the following:
From this information, your insurer will give you a score for your driving. You can access this score via an app connected to the policy or your insurance account.
After each car journey, your insurer will provide you with a driving score. This score is determined by analysing data collected by the black box. This will directly affect how much you pay for your telematics car insurance policy. Drivers with higher scores are typically considered safer drivers and may be eligible for lower insurance premiums. On the other hand, drivers with lower scores may be viewed as riskier and may have to pay higher premiums or have their policies cancelled.
Black box insurers can acknowledge good driving behaviours in several ways, including:
Black box not included
Black box included
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