Telematics car insurance remains a mysterious product on the market. It is suggested by experts as the product to explore when seeking out a new policy as renewal time nears. It is the product suggested for young drivers to allow more affordability of keeping a car on the road. It is also discussed by researchers as being a tool to help young drivers stay safer on the road. As more is revealed about the product then more questions arise for how can a car insurance product offer so many benefits?
Telematics car insurance is unique due to the GPS unit that is installed into the insured driver’s car to collect driving data. The data is used for risk assessment to determine cost of a policy. The opportunity exists for a driver to gain savings by driving safe and proving they are worthy of low risk rates from the provider.
Providers coordinate the installation of the GPS unit with a professional at the driver’s workplace or home. Most car models can have the unit installed within an hour. It is installed out of sight and neither driver nor passengers will be aware of the unit within the car. However, the little out of sight GPS unit is a valuable partner in delivering a new type of car insurance to drivers in the UK.
Due to the monitoring of the driver for safe driving habits for the purpose of determining policy costs, telematics car insurance is a tool for keeping young drivers safer on the road. This makes it popular with parents that have peace of mind from a car insurance policy with the benefit to keep their young driver ever conscious to be a responsible and safe driver.
Telematics car insurance is truly a simple, fair and unique car insurance product. The only secret to the coverage is that it is surprising that there are still drivers on the road that haven’t switched, yet.