So what is telematics?
Telematics car insurance is also known as black box insurance. It's slightly different to standard car insurance as telematics policies offer a personalised price based on how you drive, as well as the usual rating factors that insurers consider.
What types of telematics are there?
Black Boxes are the most well-known kind of telematics devices. In most cases, an engineer will come and fit the black box into the car.
Some insurers will require you to download an app to your phone in order to share your driving data with them. You'll usually be able to see lots of useful information on your journeys and you'll be given a score/rating for your driving.
These are similar to black boxes, but do not require an engineer to install them – they can just be plugged in via USB or via your OBD socket.
Is telematics right for me?
Although a telematics policy may not be for everyone, it can be ideal for both good drivers and young drivers.
Good drivers have the opportunity to achieve discounts at renewal, or in some cases during the policy term, if they drive well throughout the year and make sure they are sticking to the rules of the road. Insurers can use the driving data that has been collected to confirm if the driver is a lower risk.
Young drivers expect to pay huge amounts for their first insurance policy due to the likelihood of them being involved in an accident. According to road safety charity Brake's website, drivers aged 17-19 account for just 1.5% of UK licence holders, but are involved in 9% of all fatal and serious accidents when they're behind the wheel.
So, how does telematics work?
Telematics devices can come in the form of a black box, an app or a plug-in and they collect a variety of data using GPS (Global Positioning System) technology and sensors to determine things like how fast a vehicle is being driven or whether the brake is being used aggressively. When it comes to insurance, this data is then stored within the box (or device) and then sent back to the insurance provider. This could lead to discounts or rewards if the data shows the driver to be driving well!
Here are some examples of the types of information that can be received through a telematics device:
- Your speed
- The location of your vehicle
- Whether you're using your phone whilst driving
- How you accelerate and brake
- How smoothly you're cornering
- Information about your vehicle; how much fuel it's consuming.
Introducing Hastings Direct YouDrive
Get the price you deserve with our telematics car policy Hastings Direct YouDrive. We'll give you a great price on day one and, as long as you drive well, you'll keep getting great prices year after year.
Most insurance is based on your answers to a bunch of questions. But shouldn't how you drive play a part in what you pay too? We think so, and that's why we've created our brand new take on a telematics policy with no black boxes, no curfews and no fuss. All you need to do is download the Hastings Direct app, stick the wireless tab to the inside of your windscreen and drive.
Your driving data will be stored securely in the app. You'll find detailed driving data on your trips, and hints and tips on how to improve your score.
Visit YouDrive to find out more or head over to a comparison website to get a YouDrive quote today.