Telematics provides crucial driving data

Story from Newspress.

Insure The Box analysis of 3 billion miles of driving data provides crucial insight as telematics pioneer uses black box data to target regular speeding culprits with safer driving support. The data shows that:

• Drivers who speed over 20% of the time increase their risk of having an accident by 87%
• Those that speed 10% of the time increase the risk by 42%
• Targeted communications reduces speeding by 15%

The findings, based on driving data and associated claims accumulated by Insure The Box, underline the power of driving data from black box policies in supporting driver safety.  The company is proud to be championing Road Safety initiatives and encouraging customers to drive safer though the feedback it provides.  

Charlotte Halkett, General Manager Communications for Insure The Box said,  “When Insure The Box launched over 6 years ago we had a clear objective to change the way insurance serves young drivers and to support safer driving in this high risk age group.  Unlike traditional motor insurers, we can calculate the risk of a customer having an accident based on their individual driving patterns, rather than the usual parameters such as age and vehicle engine size.   And the actual driving data received from the black boxes installed in our customers’ vehicles enables us to directly target feedback and incentives to encourage our policyholders to improve their driving.”

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