Securing the right deal for your car insurance
One of the most essential aspects of car insurance, for every type of driver, is being able to secure the right deal from your provider.
But what exactly is the ‘right deal’?
This is best achieved by securing an insurance policy that’s best suited to you and your vehicle, giving you the optimal coverage you need, whilst simultaneously providing the lowest cost on your premiums.
Whilst this may seem easier said than done, this isn’t the case when it comes to telematics insurance.
Read on, to learn what telematics insurance is and why it’s the right deal for your car insurance.
What is telematics car insurance?
Telematics insurance is a specific type of car insurance that enables you to receive premiums that are based on your unique driving behaviors.
Telematics technology works through telecommunications (cellular networks, phone lines, cables), and informatics (computer systems). This is how your insurer can assess your driving, as data is transmitted from your car to your provider.
The technology is often installed in your car windshield, in the form of a chip. However, you can also have the option to install an application on your cell, which uses the cell’s motion sensors to gather data. With this method, you’ll need to ensure your location services are permanently active.
There are many different aspects of your driving that can determine how likely you are to be involved in an accident, and this is what your telematics technology will provide data on. Examples include:
- Whether you abide by speed limits or not
- How safely you pull off certain maneuvers
- Your ability to stop safely at stop lines
- Whether you’re using your phone whilst driving
All this data, plus various other examples, will be transmitted to your insurance provider, giving them a full picture of how safely you’re driving.
As a result, your insurer can offer you a premium that accurately reflects your safety as a driver, and likelihood of being involved in an accident.
Why is telematics insurance the best deal for you?
There are many reasons why telematics insurance could be the best deal for you as a driver, such as:
- Premiums tailored to your driving
Telematics insurance allows you to receive premiums that are based on your specific driving behaviors, which for safe drivers out there means discounted rates.
For many demographics – such as young, or new drivers, for instance – insurance premiums are higher on average, simply because these groups are more likely to be involved in an accident, according to statistics.
However, this might seem unfair for drivers in these groups who, in reality, are very safe drivers.
With telematics, your unique driving abilities will be displayed clearly to your insurer, so they’ll know exactly how you drive, not just those of your demographic.
In response, safer drivers can be offered lower premiums, making this the best insurance deal.
- Location-based technology
Another reason telematics insurance is the best deal for many drivers, is that it operates using location-based technology.
Your telematics system uses global position system (GPS) to constantly track your location – so the data transmitted surrounding your driving is as accurate as possible.
However, this also provides a level of safety in the case of any emergency situations where you might need roadside assistance, such as a car collision or breakdown.
With your technology showing you your exact location, you can get assistance sent out to you much faster, and they’ll have a more accurate pinpoint of your location to go to.
By receiving assistance faster, you increase your safety as a driver, as well as the safety of those around you in certain scenarios.
Thus, telematics not only gives you the best deal for insurance costs, but also provides extra layers of safety and assurance for drivers – evidently, the best deal for many.
