Yahoo News Drivers who say 'yes' to three questions could see insurance premium plummet
Drivers who allow their data to be collected could see savings on their premiums. The suggestion of exploring 'black box insurance' comes as motorists look at ways to save cash.
One expert says it just takes a driver to say 'yes' to three questions - and enjoy the savings. Black box insurance is a relatively new type of insurance and involves a small box being installed in a car for free.
Information about how someone drives - including braking, the speed, and if they're out day or night, is collected. Other methods include a Smartphone app and a pay-as-you-go which looks at how far you drive.
Black box remains the most common 'telematics' insurance policy.
Liz Hunter, director at Money Expert, said: "With over 50% of UK adults revealing their car insurance has increased by up to £100 in the previous year, black box insurance can be an effective way to cut pounds off your premiums."
Liz asked drivers to ask themselves three questions: "'Do I consider myself a safe and confident driver?', 'am I comfortable with my data being collected?' and 'do I rarely drive at night?'. If the answer to these three questions is 'yes', then drivers should consider a black box. While black box insurance aims to reward safe driving rather than penalise minor lapses, consistent risky driving could have consequences on both your premium and coverage," she said in her advice to UK motorists across the country.
Ms Hunter said: "Regular harsh braking and acceleration especially if this involves exceeding the speed limit will bring your driver score down, meaning your premiums could go up significantly when it comes to renewal. Worst-case scenario? If your driving is considered dangerous, your insurer could cancel your policy altogether. This could also make it difficult to gain coverage from another provider."
