Driving Data to Calculate Insurance Rates in UK. is the US Next?

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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trackturtle - 10/9/2006 12:12:52 PM

+1 Boost

Black boxes aren't a new concept. They might not record the mileage yet, but they have definitely already been used in courts, here in the US. GM has already used them in the against some of their own customers. Regardless if they are trying to save their own back from driver folly, this is a reason I hesitate buying a GM, and some people already aren't. But don't think if you drive a German or Japanese car ,this doesn't apply, they have black boxes as well; they just haven't been used in court yet (from what I know) Don't believe me? Look it up.

Rupert - 10/9/2006 12:43:45 PM

+1 Boost

in america it's different right? you insure the car not the driver?

Agent009 - 10/9/2006 12:47:05 PM

+1 Boost

The driver, driving record and the car determined the rates in the US.

I95SPEEDINGTICKETS - 10/9/2006 2:34:05 PM

+1 Boost

Im Telling You

Very soon Im gonna have to move to the Grand Cayman or the Seychelles, they will soon be the only places worth living in.

This Is Madness.