Telematics Car Insurance Simplifies Cost Saving Opportunities

telematics car insuranceCar insurance is a requirement for getting behind the wheel.  Traditional car insurance has been around for decades and has served the general driving public well.  It has always been a simple process to be covered with traditional car insurance.  Pay the monthly premium and maintain cover.  Carry on.  But after being covered, there have been no actual ways to cut cost of insurance over time, until now.  The new car insurance product on the market making waves is called telematics pay as you drive car insurance and it is here to stay.

Telematics car insurance makes the potential of saving money off car insurance costs a simple matter.  Drive safely, save money.  The potential to save money is offered with every policy.  All a driver needs to do is pay more attention to how safe they are driving.

Traditional car insurance provided cover and assistance after a car crash took place, but little else.  Telematics offers a scheme to potentially save money which is brand new to the industry.

The process telematics uses to offer cost saving solutions leaves little effort to the driver.  The policy holder arranges a time for the small mounted device to be installed into their car.  This can take place at the residence or place of business of the driver.  The driver then gets behind the wheel and uses good judgment whilst driving.

The small device is able to monitor driving habits which are evaluated by the insurer.  The insurer then determines if the driver is handling their car with caution.  If so, the driver becomes eligible to receive discounts applied to future monthly car insurance costs.

Telematics pay as you drive car insurance can be found at any time online.

Telematics Car Insurance Helps Drivers Control Increases in Car Insurance Cost

telematics car insuranceTelematics car insurance is not new to the insurance market.  It has been available for years now, yet many drivers are still unaware of the advantages it can bring to any driver, especially those looking for a way to potentially save their costs from increasing year to year.  Telematics employs a reward plan which is built in and assists drivers in controlling the cost of their cover.

Telematics car insurance involves the use of a small mounted device which is installed on or near the dashboard of the insured car.  This device has a job to do.  It monitors driving habits of the person operating the car.  Habits like acceleration, braking and cornering are monitored.  Data from these habits is stored in the small mounted device and access is possible by the insurer at any time.

The insurer evaluates the data and looks for evidence of the car being handled with safety in mind.  When the insurer sees the driver is handling the car with safety first, that driver is eligible to receive valuable rewards which can make a financial impact for any household budget.  These rewards are extended to the driver in the form of discounts applied to future monthly insurance premium costs.

The small device also makes it possible for drivers to log on to an online dashboard and gather feedback to let them see where improvements in their driving can be made.  This feature is invaluable to those who are not consciously driving with safety in their mind.

Telematics car insurance can be researched and obtained online at any time.

Set Boundaries for Young Drivers with Telematics Car Insurance

telematics car insuranceParents of young drivers are faced with a difficult task.  Once young drivers receive their driver licence, they are ready to hit the road with little to no experience behind the wheel.  This puts parents in a challenging position.  Do they wait until they have had a year experience on the road before cutting them loose and let them drive alone or do they allow them freedom from day one with a licence?  This is a question facing all parents of young drivers.  Telematics car insurance cuts through the grey area and helps parents set meaningful boundaries.

Boundaries have never been set by car insurance products in the past, but now with telematics, it is possible.  Telematics relies on a small mounted device installed in the insured car to monitor the driving habits of the person in the driver’s seat.  Habits which are important to handling a car safely are tracked by the small device.

Habits such as speeding, braking and cornering are all important to overall safe handling of the car.  These habits are noted by the small mounted device and then evaluated by the insurance company for evidence of safety.

When the insurer deems the habits demonstrated by the driver as safe, the driver becomes eligible to receive rewards from the insurer.  The rewards are quite important especially in these economic times as they affect the financial well-being of the driver of the car.

Rewards are passed on to the driver as discounts applied to future monthly car insurance premium costs.  Young drivers are able to have boundaries set for them through car insurance which is something which has never been possible before.

Young Drivers Need More Rural Driving Experience

Young drivers could use more training and experience on rural roads according to data from a survey by the Road Safety Analysis Company and Michelin Tyre Company.  According to the poll young drivers are more likely to drive unsafely on rural roads than urban roads.  Two in five of 17 to 24 year old drivers admitted to driving faster on rural roads.  When considering that government data confirms that this same age group of drivers is 44% more likely to be in an injury causing accident on rural roads than other roadways it is alarming that young drivers seek to drive faster on more dangerous roads.

The survey included accident data from the years 2007 to 2011.  Driving in the dark contributed to accidents on rural roads in which young drivers were 63% more likely to have an accident than in daylight hours.  They were also 52% more likely to have an accident in a bend in the road in rural areas and 28% more likely to lose control of their car and have an accident if driving on a rural road.

The survey involved 700 drivers in the age group of 17 to 25 years of age.  The young drivers admitted to believing because they were familiar with the rural roads they traveled that they were capable of driving faster.  They also admitted that they did not expect to be caught speeding by authorities in rural areas.  Up to 41% of those polled admitted to speeding on rural roads.

The survey showed that young drivers were open to their driver training involving rural road areas (40%) and lessons involving driving in the dark (39%).  They were less favorable of the considerations by government to extend the learning period to a minimum of one year (14%) and on restrictions for night time driving (9%).