How the use of telematics can drive down your car insurance costs

Mozo

Thursday 01 March 2012

The overall cost of motoring continues to rise as the high value of oil has resulted in rocketing fuel prices.

Drivers are constantly looking for ways to reduce their expenditure and it seems that car insurance premiums are a good place to start.

It goes without saying that vehicle owners who have an unblemished record – i.e. no accidents or speeding penalties – are more likely to get a cheaper insurance quote than someone who has filed a number of insurance claims in the past.

While this seems fair on the face of it, sometimes motorists are forced to make a claim even when they are not at fault.

According to research organisation Deloitte, one way that insurance companies can assess whether a driver is trustworthy behind the wheel is through the use of telematics.

Insurance partner at the firm Ian Clark told the Post Online that the technology – which monitors the performance of a driver – has become cheaper in recent months, making it more feasible for insurers to use.

If the data show that a driver is competent, they can expect their insurance premiums to fall considerably.

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How the use of telematics can drive down your car insurance costs
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