The economics of monitored driving: how your black box tries to save you money
One of the biggest selling points of a telematics insurance policy is the money you can save on your car insurance. By monitoring your driving, these policies can reward good driving by reducing your insurance premiums and putting money back into your pocket. However, the benefits of having a black box or other telematics device needn’t stop at saving you money on your insurance – it may also help you to save money on the everyday costs of your car.
If you have a telematics policy, your driving will be rated on a number of different factors, such as your speed, braking and acceleration. By performing well in these factors, you’re more likely to be seen as a safe driver, and this can lead to you getting money back from your insurance – but measuring yourself against these different factors can also have other benefits by making your driving more cost-efficient as well as safer. While you may wish to keep your speed down and drive carefully to stop your driving score from being negatively affected, did you know that you may also be saving yourself money on your fuel bills, car maintenance costs and your emissions? These are the ways that performing well in the behaviours set out by your insurance policy can also save you money elsewhere:
It's always great to save money – which is why a telematics insurance policy can be so beneficial when it comes to cutting your insurance premiums. But don’t forget that driving well and sticking to the rules of your black box (and the road) can also help you save money elsewhere – whether it’s making your fuel last longer or reducing how often you need to take your car for a repair.
If you have a telematics policy, your driving will be rated on a number of different factors, such as your speed, braking and acceleration. By performing well in these factors, you’re more likely to be seen as a safe driver, and this can lead to you getting money back from your insurance – but measuring yourself against these different factors can also have other benefits by making your driving more cost-efficient as well as safer. While you may wish to keep your speed down and drive carefully to stop your driving score from being negatively affected, did you know that you may also be saving yourself money on your fuel bills, car maintenance costs and your emissions? These are the ways that performing well in the behaviours set out by your insurance policy can also save you money elsewhere:
- Staying under the limit
- Drive smooth
- Easy on the brakes
- Wear and tear
It's always great to save money – which is why a telematics insurance policy can be so beneficial when it comes to cutting your insurance premiums. But don’t forget that driving well and sticking to the rules of your black box (and the road) can also help you save money elsewhere – whether it’s making your fuel last longer or reducing how often you need to take your car for a repair.
Similar Posts
Back to blog