Everything You Need To Know About Black Boxes

Driving was once an opportunity for the rich. After all, cars were expensive and not every person could afford them. With this said, it may be more affordable to purchase a car in 2018 however the cost of insurance has sky-rocketed, particularly for newly qualified young drivers who generally face quotes between £2000 and £10,000 a year! Luckily, telematics insurance offers a cheaper solution. Read on to find out everything you need to know about black boxes…

What is it?

Statistically, newly qualified and younger drivers are more likely to be involved in an accident than any other and this means that they often face expensive insurance premiums. Luckily, there is an alternative known as telematics black box insurance which provides affordable quotes in return for 24-hour monitoring of the driver’s style and safety.

How it works

Telematics insurance is often called ‘black box’ insurance because drivers must place a literal black box into a small compartment that can be found under the steering wheel. The rules vary depending on the supplier, however most black boxes will record things like speed, time of day, and smoothness in order to establish a score between 1 and 100. If this score is too low, then the driver is generally issued with a warning and after 3 warnings the insurance contract is usually terminated.

The Benefits

Having a black box forces drivers to follow the rules very closely. After all, speeding and reckless driving is all picked up by the black box and used in order to generate a score on a three-week basis. This means that the roads are generally safer and the driver is less likely to be involved in an accident. In addition to this, black boxes also track location using GPS which means that they can help recover a stolen vehicle as thieves are very unlikely to remove the box before they drive away.

The Drawbacks

On the other hand, many drivers are hesitant about black box contracts due to the fact that some implement a curfew, which limits them to a strict timeframe and can take the freedom out of getting your licence. With this said, telematics that come with a curfew tend to offer even further reductions on insurance premiums which can be inviting for drivers looking to drive at the cheapest possible price.

When it comes to driving, young drivers tend to have the worst reputation, and this means that getting a decent insurance quote can seem impossible. By agreeing to black box insurance, younger drivers can revel in the benefits of cheaper insurance whilst also improving their no claims discounts.

This means that they can expect to find more affordable quotes once their telematics contract is over. If you’re a young driver looking to buy a second hand car get in contact with the experts at V12 Sports and Classics today!