Pay how you drive insurance

[Den]

Pay how you drive



Here, GPS or tracking devices monitor how you drive. Of course, even then, the price still depends on your personal risk profile.

Co-operative. The Co-operative young driver insurance fits a 'smartbox' into 17-25-year-olds' cars to monitor acceleration, braking, cornering and time of driving – it then charges you for insurance every 90 days.
The price of the insurance will then go down by around 10% or up by around 15% depending on how well the car’s been driven – and severe driving could see your insurance cancelled.

Co-op says the pay how you drive product could produce savings for the over three quarters of young drivers who drive well, with half expected to pay £328 less than typical competitor prices

http://www.co-operativeinsurance.co....ar?WT.svl=nav3

Thoughts? i doubt many will take it up, and i suggest Zack avoids it

[ZACK]

As Much As I'd Love Cheaper Insurance... I Don't Think This Would Be Good For Me =/

[Dangerousfish]

I'm in the same boat. Especially if they see how the car's been driven this month and next after being on the dyno and the trackday in France xD

[irishRob]

Same I'm not in that age bracket! I'd save a fortune.

[bucksgill]

I'm intrigued by it really, be good if you could trial a box to see if you would actually make a saving though. Wouldn't surprise me if they were really harsh with their calculations. At least they are thinking outside the box.