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Survey: 57% of UK drivers expect to switch to a telematics-based car insurance policy by 2017

Fifty-seven percent of drivers in the UK believe they will switch to a telematics or “black box” insurance policy in the next five years, according to a new study commissioned by Gocompare.com.

The study into the relationship between driving habits and insurance found that a wide cross-section of motorists are open to the idea of telematics-based car insurance. Among the results:

  • 59% of over 55s said they may switch to one of these policies in the next five years.

  • 19% of all drivers will consider it at their next renewal.

  • 92% of drivers think that their car insurance premiums should be based largely on the way they drive.

  • 60% think that car insurance premiums should be based on where they drive and the time of day.

  • 49% think premiums should be based largely on age and gender.

  • 40% would like savings on fuel by driving better or less.

  • 33% would like to be able to access data on their driving behavior via a PC-based dashboard.

  • 29% would appreciate advice on how to improve their driving based on their own data.

On 7 - 8 February, 2012 Vision Critical conducted an online survey among 2,008 British drivers with their own car insurance policy who are Springboard UK panellists.

Comments

kelly

What's this telematics-based car insurance policy?

If it means people forfeit privacy for some computer monitored and forever logged location, speed, driving characteristics, etc, etc why would one WANT these police state monitorings - and the insurance rates will still be jacked, sooner or later.

Already, "..pursuit of happiness" in TV viewing has been shattered by some endless, lab-coated, saturation advertising with such a huge expense that is obviously paid for by reduced customer coverage.

Does it take a Constitutional Amendment to get these horrid ad saturations and surveillance ploys off US airwaves?

Reuhl Bernardo

rance rates will still be jacked, sooner or later.

Already, "..pursuit of happiness" in TV viewing has been shattered by some endless, lab-coated, saturation advertising with such a huge expense that is obviously paid for by reduced customer coverage. good cheap car insurance

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