How can telematics insurance save you money?

If you’re a young driver, you might have heard that telematics or black box insurance can save you money – but is it true? Here at WiseDriving, we believe that car insurance doesn’t have to break the bank, even if you’re new on the roads, and telematics can help to achieve that.

So how can telematics insurance be cheaper? If you sign up to have your driving monitored, we believe this means you’re capable of driving safely - which is why we can offer up to a 40% discount on your insurance upfront.

You can continue to make your insurance cheaper through your black box or telematics device, which will pick up data on your driving. We monitor four key aspects of your driving style: how quickly you accelerate, the sharpness of your braking, your top speed and the time of day (or night) that you are driving. All of these factors are taken into consideration when calculating your Driving Behaviour Score (DBS). The higher your DBS, the safer the driver you are. We like to reward safe driving, meaning you could earn further discounts on your insurance as your score increases over time! However, if your score drastically decreases, you may be required to pay more. If this does happen, we’ll be here to help with our helpful tips on how to improve your score and be safer on the road.

So, if you’re a young or inexperienced driver, or are just looking for a lower insurance premium, telematics could be well-worth considering.

Posted on March 16, 2018

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