posted 4 years ago

Insurance Premiums Reduced By Black Box?

Young motorists could reduce their insurance premiums by installing black boxes in their cars, Vauxhall report.

Young motorists could reduce their insurance premiums by installing black boxes in their cars, Vauxhall report. These devices can be fitted to new, or used, Vauxhalls purchased through the dealer network and insured by Ingenie. Motorists must also be between seventeen and twenty-five. But how does it work? The boxes create driver profiles based on how the cars are driven. Factors such as speed, cornering, acceleration and braking are considered – but the boxes look for trends rather than isolated incidents. Ingenie then reviews its data every three months and charges drivers according on their behaviour. Motorists can also monitor their progress online and via a mobile application. But is it worth it? Vauxhall say youngsters could save up to ten per-cent on their first year premiums. That is considerable, but best not assume the long term costs are less than normal policies. They might be ... they might save you a small fortune - but it is well worth 'double-checking'.

Mark Pinkney, Vauxhall’s Marketing Programmes Manager, said: "Vauxhall Insurance for seventeen to twenty-five year olds, powered by Ingenie, will help make it more affordable for first time young drivers. But more importantly it will encourage young people to become better drivers through Ingenie’s driving feedback.” Richard King, founder and CEO of Ingenie, added: “Young drivers find it increasingly difficult to buy affordable car insurance and Ingenie offers a fairer solution that assesses them on their own merits. With one in five of our driver community choosing a Vauxhall Corsa the partnership with Vauxhall is a perfect fit.”