Traditional car insurance has assisted drivers for decades in hard times following a car crash. Since technology has been limited in the world of car insurance, that is where the cover stopped. That assistance was quite valuable, but in today’s high tech world there are more options. There are options which can help a driver potentially save money off the cost of monthly car insurance. That option is known as telematics car insurance and it continues to grow each month in popularity.
Telematics pay as you drive car insurance provides opportunities beyond simply cover. It provides a motivation to drive safely as well as a learning tool. It utilises the latest in technology to deliver a stellar product.
Telematics involves the use of a small device which is mounted on the inside of the insured car. This device is quite important as it monitors driving habits of the driver whenever they are behind the wheel. Habits are vital to displaying how safely a driver is handling a car and the small device inside the insured car collects data confirming or denying safe driving.
The small device monitors habits like speed, braking and what time of the day or night the car is being driven. The device even tracks what types of roads are being traveled for the insurer to understand how much risk can be calculated into a driver’s everyday lifestyle.
After the insurer sees the driver handling the car with safety, they become eligible to receive rewards. These rewards are valuable because they represent saving money. Discounts are passed to the driver and pounds are saved.
Telematics is setting the bar quite high and providing the potential for savings through opportunities beyond just cover.
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