More than half of UK drivers expect to switch to telematics-based insurance

Fifty-seven per cent of drivers believe they will switch to a telematics or ‘black box’ insurance policy in the next five years, according to a new study from Gocompare.com, an insurance comparison website. The study into the relationship between driving habits and insurance found that a wide cross-section of motorists is open to the idea of telematics-based car insurance. In fact, 59 per cent of over 55s said they may switch to one of these policies in the next five years and 19 per cent of all drivers wer
April 23, 2012 Read time: 2 mins
Fifty-seven per cent of drivers believe they will switch to a telematics or ‘black box’ insurance policy in the next five years, according to a new study from Gocompare.com, an insurance comparison website. The study into the relationship between driving habits and insurance found that a wide cross-section of motorists is open to the idea of telematics-based car insurance. In fact, 59 per cent of over 55s said they may switch to one of these policies in the next five years and 19 per cent of all drivers were happy to consider it at their next renewal.

However, the research also identified the issues which have held back the sector until now, including low levels of awareness, the lack of big name insurers and evidence of real savings in terms of premiums and fuel costs. The survey highlighted the strong underlying support for car insurance premiums based primarily on the way you drive, not on age and gender, with careful drivers rewarded with cheaper premiums. Gocompare.com's research also outlined the steps the industry still needs to take to make "black box" car insurance policies more attractive to consumers.

Related Content

  • Cellular communications drive the way forward for tolling
    January 18, 2012
    For more than 20 years prior to joining the ITS industry, Mike Payne of Idris, part of Federal Signal Technologies, worked for Vodafone - the world's biggest mobile operator. Here, he considers how the road tolling sector can grow and learn from the cellular industry. The global cellphone has been one of the most successful collaborative technology projects in the last 30 years. Mobile phone technology developed throughout the 20th century with the first public service in the early 70s. This was followed by
    Read More
  • Delivering accurate vehicle identification
    August 1, 2012
    In the Netherlands, TNO, the independent research organisation, has been engaged in a project on behalf of the RDW, the Dutch vehicle registration and licensing authority, intended to look at the feasibility of using electronic means to make vehicle identification more accurate and less susceptible to fraud. Electronic Vehicle Identification (EVI) has been in existence in various forms for several years now but TNO was tasked with finding out whether OnBoard Unit (OBU)-based applications could be complement
    Read More
  • Swarco: ‘Everyone’s running after buzzwords’
    April 1, 2019
    The ITS world finds itself in a time of great change. Swarco’s Michael Schuch talks to Adam Hill about connectivity, the increasing importance of the end user – and why you shouldn’t leave your core business behind
    Read More
  • Survey: Majority of UK public remains worried about global warming
    August 4, 2015
    A new survey of over 2,000 members of the public by the Institution of Mechanical Engineers and ICM Unlimited has found that 57 per cent of the public are worried about global warming, with 14 per cent saying they were ‘very worried’. The poll found that 64 per cent of people think global warming is already a problem now, while 70 per cent said they think global warming will be a problem in 20 years’ time. The main issues the respondents said they were worried about were flooding and sea level rises (63
    Read More

Highlighted Content