Black box insurance is becoming popular amongst young drivers who are finding it increasingly difficult to find car insurance for a reasonable price.
Also known as telematics, this form of ‘pay as you go’ insurance has seen premiums for young drivers almost half. The black box, which is the size of a mobile phone, aims to protect good drivers from false claims by analysing a number of factors. These black boxes collect data on the distance travelled by a driver, where the car is located, the types of roads the vehicle makes use of, speed of travel and the braking behaviour of the driver to create driver centred premiums.