Black box (also known as telematics or pay-as-you-go) insurance policies offer personalised premiums based on how you drive.
Your insurer will measure how safely you drive by using a small device installed in your car. This will record your mileage as well as factors like acceleration, braking, and the times you drive, so your insurer can take these factors into account when working out the cost of your renewal premiums.
Features of the Coverbox policy:
- Installed black box device
- No curfews
- Theft tracking capabilities
- Premium fixed throughout the policy term (unless changes are made to the policy)
The information recorded can be used in the event of an incident to assist your insurer in establishing the facts. If you are not at fault this could protect your no claims discount and your excess.