We can see it coming, the days when insurance claims are dealt with using information stored on a car’s data logger or black box are almost upon us. Many car manufacturers are already introducing the boxes on its vehicles and now insurance companies are moving in. Drivers in the UK are being offered a £50 GPS black box that calculates a monthly insurance bill depending on miles travelled, time of day, type of road, location and perhaps even vehicle speed.
Some of the policies include a £1 per mile charge for young motorists who drive between 11pm and 6pm. The biggest worry is that the information can also be used for a new road use charging scheme that’s currently being planned by the UK government. Insurance premiums in the UK are already based on the driver’s accident history, age, distance travelled, and the vehicle’s insurance provider so there is no reason for the introduction of this latest monitoring system.
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