Car insurance is now reaching new heights. Safety is becoming the key focus of a new type of car insurance and the new type of car cover is known as telematics pay as you drive car insurance. This is creating quite a buzz all over the UK and for good reason.
Car insurance has made a name for itself as being user friendly as well as being there for a driver when needed. Now times are different. Drivers expect more than just a car insurance product which provides support and assistance following a car crash or similar event.
Telematics car insurance is the product of choice now due to its unique way of covering drivers. With telematics car insurance, drivers simply need to drive with safety in mind in order to receive valuable rewards from the insurer. This process is made possible with a small device known as a POD or personal optimisation device.
The POD is quite important to the process and performs several functions within the scope of cover. It monitors driving habits like acceleration, braking and cornering. Additionally, it notes the time of day or night the car is driven, as well as monitoring the types of roads the car travels on.
Telematics car insurance is spotlighting safety by making it possible for drivers to potentially save money by driving with safety in mind. Drivers save money after insurers evaluate the data collected in the POD and determine if they driver has been driving safely. Insurers present safe drivers with rewards in the form of discounts to future monthly car insurance costs.
Speeding is a common driving violation and almost every driver is guilty of the behaviour at one time or another. The commonality of the behaviour does not however lessen the danger. Choosing to speed can be a fatal decision and unfortunately it happens all too often that someone is involved in a serious accident due to speeding and usually it is a young driver. Young drivers have been shown in studies to be the least experienced on the road while also being the most likely to take part in risky behaviours, therefore when speeding is involved it can be a problematic combination.
Unfortunately there is almost a daily news item of a professional athlete or celebrity having been banned for continuous offences of speeding. For someone that can afford paying for alternative transportation, higher insurance rates and other inconveniences that will be expensive associated with a driving ban it may be less of a hassle, but for the average driver it can be a financial nightmare to figure out how to just get to work.
Parents may find it hard to get the point across to their young driver of the consequences of speeding. There is a tool that can assist in making sure the risky behaviour of speeding does not become a habit for a young driver and that is the use of telematics car insurance for coverage. The product uses a GPS unit to collect driving data of the insured driver to determine risk assessment and premium costs. Safe driving could offer the opportunity to save money which would mean a driver would have to abstain from speeding.
Some young driver insurance policies with telematics car insurance providers will offer parental alerts when an unsafe driving event occurs such as speeding. This type of alert can help open up discussions on the dangers of speeding while behind the wheel. No other type of car insurance product other than telematics can offer parents peace of mind that their young driver is adhering to safe driving practices. Young drivers get the benefit of developing safe driving habits while earning the opportunity to pay lower car insurance rates over standard car insurance offers.
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.
Car insurance rates have been dropping and according to the latest report from the Association of British Insurers (ABI) the average premium for a comprehensive policy fell by 8.9% in comparison to last year at a rate of £374 which is £36 less than twelve months ago. The lower rates on the market are attributed to a crackdown on false claims being filed, namely for phony whiplash claims, and due to the fact that drivers are becoming better bargain shoppers when it comes to car insurance. The new quarterly tracker is developed on data collected from the ABI’s 36 members in the UK according to actual insurance premiums paid by drivers on true policies versus other trackers that use quoted data for determination of averages. It therefore reflects what people are already paying for insurance rather than what people would pay if they purchased a newly quoted policy.
The report also revealed that 81% of drivers in the UK bought their current policy after comparing prices. Most used their smartphones, Web sites, and other online means to do their comparison shopping for car insurance. This percentage of comparison shopping is higher than that of comparison shopping reported for energy suppliers (77%) or mobile phone providers (64%).
Experts suggest that those shopping for a new policy or those looking to switch should start with telematics. Telematics car insurance could offer the opportunity for saving on car insurance above and beyond that of standard car insurance. Even young drivers could find savings with telematics.
The current market has more competitive rates available than a year ago and therefore drivers are encouraged to consider shopping for a new policy to find savings that could be waiting for them with a simple switch.
Car insurance is not an inexpensive product. It is a requirement for driving legally on any UK roadway and needs to remain affordable. Car insurance prices have been falling recently, but the years prior were marked with month after month of increase. This made it quite difficult to keep cars on the road, especially when combined with other car related expenses. Not only is it important for drivers to constantly be aware of car insurance cost within the market, but especially around renewal time.
Renewal time could be referred to as opportunity time for drivers. It is a time which most drivers take for granted and do not open their eyes to the opportunity before them. Car insurance renewal time can be used to not only research other types of car insurance, but also to discover other types of cover and variations of cover available.
A new type of car insurance which is turning heads across the UK is known as telematics pay as you drive car insurance. It is aiding drivers in the hunt for car insurance which aids in the effort of helping drivers with the cost of car insurance.
Telematics car insurance is being called revolutionary by drivers who have been covered with traditional car insurance for decades. It is however to able to be taken advantage of if drivers do not take advantage of times like renewal time. Telematics potentially has the ability to save money as well as help drivers become better drivers.
Drivers must be aware of the car insurance market in order to take advantage of opportunities available, especially at renewal time.
Car insurance providers have been competing for the attention of drivers. The ability to shop online for car insurance has fostered an environment where consumers are better equipped and skilled to seek out cheaper pricing on policies. To keep customers and gain new ones, providers have pushed pricing lower. The benefit is that drivers are being offered some of the best car insurance pricing seen in the past year.
Telematics car insurance is suggested by experts to those seeking to make a switch. The product offers the ability for a driver to have an impact on the premium cost they pay. With the use of a high tech GPS unit installed into the car, a provider can gather data on the driver’s habits while behind the wheel. Safe driving will gain lower risk coverage rates. This is an opportunity that standard car insurance does not offer.
While the goal of shopping around for car insurance is to find the most affordable rate, drivers should not set aside quality coverage as a criterion. Reviewing current coverage needs is suggested and then seeking quality coverage at the most affordable cost rather than just seeking the cheapest car insurance policy. Car insurance is meant to offer a safety net in the event of an accident so the driver can get back onto the road quickly and without hardship. Only by seeking out the best matched coverage will the driver have peace of mind that an unexpected event will not become more stressful due to lacking insurance.
Quality and affordability can be found together in one policy. Shopping around online will offer quick access to finding the right coverage and in today’s competitive car insurance market it will likely offer the ability to save.
Car insurance has earned a consistent reputation through the years. Drivers have reached a point over time of relying on car cover for those times when they find themselves involved in a car crash or some other similar event. Few other types of consumer products have come to a point of being counted on as much as car insurance. Even though car insurance has earned a reliable reputation, it falls short of being a proactive type product when a claim is not involved.
Now however, car insurance has changed and the industry will never be the same. It has evolved into a product which is a product of progressive thinking. This progressive way of thinking has led the market to offer a product which has never been offered before. It is known as telematics pay as you drive car insurance and it is growing in popularity by the month.
Telematics car insurance is a car cover which is unique to all other types of car cover. It relies on technology to provide drivers benefits which have never been available to this point.
Telematics car insurance is not only a sign of progressive thinking but also a peak into the future of car insurance. Policies which offer drivers traditional features and no cost saving measures are being called old fashioned and old style.
Progressive thinking is redefining the car insurance industry and the latest product is proof of that. Telematics car insurance is able to be purchased and researched online at any time.