Cheaper Insurance for Younger Drivers — Telematics?

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Insurers are increasingly turning to driver monitoring technology, better known as telematics, to identify safe drivers and reward them with reduced car insurance prices.

Recent research from Allied Business Intelligence has revealed that Europe – the UK and Italy in particular – is leading the way in the provision of telematics technology, and that 44million Europeans are expected to have ‘black boxes’ fitted in our vehicles by 2017, with 89million similarly equipped worldwide.

How do you feel about this?  Would you be happy to have your driving monitored by a ‘blackbox’ if it meant your insurance was cheaper?

Take a look at how the system operates, the kind of motorists that stand to benefit and how other countries are using the technology — Read the full story here

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