What is a black box?
A black box is a little machine about the size of a phone that’s fitted to your dashboard. This device uses a satellite to collect information about your driving – for example, speed, braking, accelerating and cornering – which it sends it to your insurer, who uses this data to assess the safety of your driving.
In addition, a black box can be used to monitor the times at which you drive, if you chose to take out a policy with a curfew – or the number of miles you tot up, if you take our a policy with limited mileage.
What is black box insurance?
Once your insurer has a good picture of your driving, they can offer you premiums that reflect that assessment. This can happen after as little as three months.
Some kinds of black box insurance monitor only the safety of your driving, while others give you the possibility of further reducing your premiums by limiting the number of miles you can drive, or setting a curfew – which normally prohibits you from driving at night, when most accidents happen.
What is the cheapest kind of telematics insurance?
It’s hard to answer this question, as each individual case is different and will depend on the kind of car you have, as well as your age and how many driving years you have behind you.
However, as a general rule, the less you’re on the road and the more safely you drive, the cheaper your insurance will be as a young driver. You could, for example, take out a policy that rewards you for driving safely, as well as for avoiding night driving and long journeys. Alternatively, if you prefer to have no curfew, you can opt for insurance which only monitors your driving style.