Latest research by the British Insurance Brokers’ Association (BIBA) shows a 9% year on year increase in the number of live ‘black box’ telematics motor insurance policies.
These types of policies can offer savings of up to 25% for careful drivers. In particular, young drivers who often struggle to find affordable cover, can save up to £1,000. There are just under 323,000 live policies compared to 296,000 in December 2013.
BIBA member research shows that one in eight new drivers with a telematics box crash in their first six months on the road compared to one in five nationally (without a blackbox).
So, when you are considering your next policy, why not look for a telematics option!