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Motorists back telematic insurance

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More than half of the UK's drivers expect their car insurance policy to be based on telematics by 2017.

This is the primary finding of new research from Gocompare.com, which shows that a wide cross-section of the driving community are open to a policy based on telematics.

Such policies involve the installation of a black box-style device in the driver's car, which records data such as speed, cornering speed, distances travelled and times of day travelled.

From this information, insurance companies can get a better idea of the motorist's individual circumstances and make adjustments to their premium accordingly.

The Gocompare.com survey showed that there is widespread support for this sort of system, with 92 per cent of drivers suggesting their car insurance premiums should be based largely on the way they drive.

"Given the rising costs of motoring, we think that the new generation of telematics car insurance policies will play a greater role in the car insurance market in the coming months," said Scott Kelly, head of car insurance at the price comparison website.ADNFCR-2576-ID-801322256-ADNFCR


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