Car insurance is a necessity of every driver on UK roadways. It protects not only the policy holders in the event of a car crash, but also those who could be involved in the crash as well. Traditional car insurance has become a product relied upon to help drivers out with financial assistance for car repairs and other costs associated with car crashes. Although car insurance has been available for decades it has not offered a scheme to help cut the cost of it.
A new car insurance product which is not only helping drivers with financial assistance but also assisting them in the safety area is known as telematics pay as you drive car insurance. It is sweeping the country with a new option for drivers looking for a progressive type of car cover.
Telematics car insurance provides cover in a new way. It helps drivers defend themselves against high prices with a scheme which combines safe handling of the car and earning rewards in the form of discounts.
Telematics car insurance involves a small device which is installed in the insured car. This tiny device is no ordinary monitoring system. It is GPS enabled to help authorities in the event of a theft. Additionally, it makes it possible for cars to be located to understand the types of journeys they are taking.
As insurers gather data and understand the driver is handling the car safely, drivers qualify for valuable rewards presented to them by the insurer. Drivers are able to earn several discounts which help them save money each month.
Telematics car insurance is the first car insurance product to focus on safety to help drivers save money.