Ok so I received a question about the black boxes that can be fitted to cars to reduce your car insurance premiums. The question asked how they worked and whether they were suitable for everyone.
What Data Is Collected?
The Data the black box collects includes
• The distance your vehicle travels and at what times of day.
• Where the car travels and where it parks.
• On what type of roads the car travels, i.e. motorways, country roads etc.
• At what speed you drive.
• Driving behaviour of the driver. i.e. are you barking heavily, cornering at speed etc.
• Direction and speed of your vehicle if you were to have an accident.
• The force of the collision, were you to suffer an accident.
• At what times of day the vehicle is driven.
How Will This Data Affect My Policy?
Every insurance company will treat you differently from one and another to an extent. But you can expect them to:
1. Increase the policy cost for those that drive after 11PM and before 6AM as this is considered dangerous, with a risk of the driver falling asleep at the wheel.
2. An increase in the policy cost for those that travel significantly during rush hours. Again this is considered to place you at a higher risk of an accident.
3. A lower policy charge for those that drive within the speed limits and do not drive erratically.
4. An increase in the policy cost for those that drive high mileages. And those that drive on the higher risk roads.
So is it worth getting one fitted?
Each case is different. If you drive for long periods during the rush hour. Or drive late at night then it very well may not be in your interest to have one of these black boxes fitted as your premium may well increase. However if you are a young driver, and can live with the restrictions of not driving at night and not driving high mileages. And you can keep your speed down then you may very well find yourself making a saving by having one of these black boxes fitted.