Usage-based Insurance (UBI) is a type of insurance where the premium paid depends on the way the car is driven, and the car that’s being driven. Also known as Pay As You Drive (PAYD) or Pay How You Drive (PHYD), UBI is very different from your traditional car insurance. Well, it may seem like another gimmick by the insurance companies to get car owners to dole out more money, but is actually a very good deal for car owners who… read more →
Q: What is telematics? Telematics is the name for a broad range of technologies that monitor driving, communicate that data out of the car to a central server and make use of the data for various purposes. Telematics has been around for decades and is used for many purposes other than insurance. For instance fleets use it to ensure their drivers are taking the best routes, and telematics is also used in anti-theft devices in vehicles so enable tracking and… read more →
Telematics insurance policies have a longer history of being used for fleet vehicles – whether vans or cars – than by private individuals. This is unsurprising given the greater overall savings involved and the relative lack of privacy concerns involved with fleet vehicles. Furthermore many fleets have telematics devices installed for other purposes, meaning that for those firms there is no equipment cost for taking out telematics insurance policies. When seeking insurance for vans online you need to compare van… read more →
Aviva were one of the earliest insurers to provide a telematics product anywhere, under their previous name Norwich Union which launched a product under the trademarket “Pay as you Drive” in 2005 only to scrap all telematics policies in a misguided move in 2008.
Tracker.co.uk is an arm of the well known Direct Line Group based in the UK, and in this guise has been involved with vehicle tracking for almost 20 years.
Advanced Driving Test – This is a test that assesses your ability to drive at a better and higher standard than the normal driving test, and can be taken when you have a full driving license. Some insurers will give you cheaper premiums if you have passed this test. Breakdown Cover – If your car stops working and you need it to be recovered, such as towed to a garage or fixed at the roadside, then this is the cover… read more →
Telematics black box insurance offers some of the best savings to young drivers, and can potentially cut your insurance premiums by thousands of pounds annually. By monitoring your usage and rewarding you for good driving insurers can provide much better deals to safe young drivers. Telematic devices are simply boxes installed into your car that monitor things like acceleration, braking and with the aid of GPS chip your location. This data, along with the time, is sent to the insurer… read more →
How Pay As You Go Car Insurance (PAYD) Can Save You Money We have had pay as you go mobile phones for many years but many will be surprised at how this trend has moved into car insurance. Pay as you go car insurance, otherwise known as PAYD, is now officially in the mainstream. This type of cover does what it says and charges you for how much you drive as opposed to the type of general car insurance most… read more →
If you’re looking for a telematics policy that calculates your premiums solely on how much you drive then Coverbox could be the insurer for you. Unlike other insurers with complicated formula used to work out initial premiums, Coverbox appears to simply use your mileage.
Aimed squarely at new female drivers, ‘Girls Drive Better’ have been around long enough to build a respectable following among their target audience.