BRITISH motorists could save themselves up to £500 by switching to black box car insurance premium of a traditional policy…
Cheap car insurance – Millions could be missing out on up to £500 discount
Millions of drivers could make significant savings on their car insurance by switching to a telematics or black box policy.
The benefits of black box policies are well publicised but motorists are still mildly sceptical about the technology because they are concerned about privacy and switching providers.
Research conducted by Compare the Market for This Is Money found that 86 per cent of drivers wouldn’t choose a telematics policy when renewing.
Black boxes monitor things such as your speed, driving style, distance travelled and how you accelerate and brake.
The data collected from them can be used to cut the overall cost if your insurance premium when it comes to renewing the car.
However, because these cars monitor how you drive some drivers are put off by them.
Drivers could stand to make some hefty savings if they opted for a black box with drivers on average saving £482 annually.
This could rise to as much as £1,450 for drivers aged between 17-20 and older drivers aged 40-49 could also save £516.
Black box technology can help lower car insurance costs
Read also: Millions of motorists overcharged for their cover for simple reason—Car Insurance
Over half of drivers (56 per cent) didn’t want a blackbox fitted because they didn’t want their deriving information shared with their insurer.
Black boxes can also make it harder to switch insurers as they often can’t be transferred between providers.
Over a third (35 per cent) of drivers said the ability to transfer between providers would increase the likelihood of switching to a telematics policy.
Dan Hutson, head of motor insurance at Compare the Market, told This Is Money: “There is a common misconception that telematics policies only benefit young drivers, whereas people of all ages stand to save considerable amounts.
“As the cost of insurance seems set to rise throughout 2019, telematics can offer a great way to avoid expensive premiums so driver scepticism around this technology is worrying.
“Motorists agree that black boxes could make driving safer and more affordable, but this alone seems not enough of an incentive to switch providers.
“Our research suggests that if drivers were able to take their black box with them, over a third more people would consider purchasing telematics and would potentially save a lot of money in the process.
“For drivers to truly embrace the benefits of telematics policies, the industry must work to fix this interoperability issue and make switching blackbox providers as easy as possible.’
Car insurance: Top money saving tips for young drivers
Average saving that can be made with telematics per age group
17-20 – £1,451
21-24 – £425
25-29 – £243
30-39 – £249
40-49 – £516
50-64 – £484
65-79 – £343
80+ – £145
Hello it’s me, I am also visiting this web page regularly, this site is actually fastidious
and the visitors are truly sharing pleasant thoughts.
win money by losing weight
Hey there, You have done an excellent job.
I’ll definitely digg it and personally recommend to my friends.
I am confident they’ll be benefited from this site.
Valuable information. Fortunate me I found your site by chance, and I am stunned
why this accident didn’t took place in advance!
I bookmarked it.
You are so cool! I don’t believe I’ve read through something like this before.
So good to find another person with some unique thoughts on this issue.
Seriously.. many thanks for starting this up. This web site is one thing
that is required on the web, someone with some originality!
win money play games
Howdy, There’s no doubt that your site might be having
browser compatibility problems. When I take a look at your blog in Safari, it looks fine but
when opening in Internet Explorer, it’s got some overlapping issues.
I just wanted to provide you with a quick heads up!
Besides that, great site!
excellent points altogether, you simply received a new reader.
What could you recommend about your put up that you just made some days in the past?
Any positive?
win money
buy domains
autosurf
buy domains
win money
buy domains
Nice post. I was checking constantly this blog and I’m impressed! Very useful information specially the last part 🙂 I care for such info much. I was seeking this particular info for a very long time. Thank you and best of luck.
Best view i have ever seen !
This website certainly has all of the information and facts I wanted about this subject and didnít know who to ask.
IT SHOULD BE ILLEGAL TO SELL HAIR FOR AS CHEAP AS WE ARE SELLING IT
I just couldn’t depart your site before suggesting that I really enjoyed the usual info a person supply on your visitors? Is going to be again frequently in order to check up on new posts.
Yeah, i agree with what was explained in your blog. Thank you for all the info. and your hard work.
I simply desired to thank you so much once more. I am not sure what I might have achieved in the absence of the type of ideas revealed by you directly on this subject matter. It seemed to be the depressing matter in my view, but looking at a new expert approach you handled it made me to weep with happiness. Now i’m grateful for the guidance and as well , hope you are aware of a powerful job your are putting in teaching the rest with the aid of a web site. Probably you’ve never got to know all of us.
Hey! Good stuff, please keep us posted when you post something like that!
Best view i have ever seen !
Best view i have ever seen !
Best view i have ever seen !
Enjoyed your blog post. It’s that time of year. During autumn it’s an excellent time to drink dunkin donuts pumpkin spice latte.
Having read this I believed it was extremely informative. I appreciate you spending some time and energy to put mesin slot casino this article together. I once again find myself personally spending a lot of time both reading and leaving comments
After examine a number of of the weblog posts in your website now, and I truly like your means of blogging. I bookmarked it to my bookmark website checklist and can be checking again soon. Pls try my site as properly and let me know what you think.
I need to to thank you for this fantastic read!! I definitely loved every little bit of it. I’ve got you book-marked to check out new stuff you post횜
Having read this I thought it was really enlightening. I appreciate you finding the time and effort to put Cara Daftar Judi Bola Online this article together. I once again find myself spending a lot of time both reading and leaving comments
Good post. I learn something new and challenging on websites I stumbleupon on a daily basis. It’s always helpful to read through content from other writers and use a little something from other web sites.
Hey there I am so excited I found your blog page, I really found you by mistake, while I was searching on Yahoo for something else, Nonetheless I am here now and would just like to say thanks a lot for a remarkable post and a all round entertaining blog (I also love the theme/design), I don’t have time to go through it all at the minute but I have bookmarked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the excellent job.
Hello.This article was extremely fascinating, especially because I was investigating for thoughts on this matter last Tuesday.
Some truly excellent articles on this site, appreciate it for contribution. “Better shun the bait, than struggle in the snare.” by John Dryden.
I enjoyed this blog post. I hope you keep on create more content.
Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.
Extraordinarily motivating suggestions you’ll have said, thank you for publishing.
Very good info. Lucky me I ran across your site by accident (stumbleupon). I’ve saved as a favorite for later!
Thanks a bunch for sharing this with all folks you actually understand what you’re speaking approximately! Bookmarked. Kindly additionally consult with my web site =). We will have a link change contract between us!
Hello there, just became alert to your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. Many people will be benefited from your writing. Cheers!
very easy to understand explanation. fits me perfectly. from now on I will be your fan
Hello.This post was really motivating, particularly since I was browsing for thoughts on this issue last couple of days.