Appealing for safety ; Cash point [Mirror (UK)]
(Mirror (UK) Via Acquire Media NewsEdge) YOUNG drivers are being given the chance to take black box technology for a test drive and help make savings on their car insurance.
The Co-operative has launched a smartphone app which monitors such things as speed, cornering, braking and acceleration when you drive. It works in the same way as telematics technology - where a black box is fitted to cars to record the safety of motorists.
The app, available for iPhone and Android, scores journeys between one and five. Scores of four or five could see drivers with policies that use telematics make big savings.
The average premium for 17 to 22 year olds is Pounds 1,651, compared to the Co-op's Pounds 1,345 average for young drivers who take out its insurance policy that uses telematics to calculate premiums based on how safely a person drives.
Customers can then earn another 20% of their initial premium if they get a top score of five after three months, an average Pounds 260 less.
Amy Kilmartin, the Co-operative's young driver insurance manager, said: "Getting an objective assessment of your driving style is the first step towards improving - and unlocking the door to insurance savings if you drive safely."
Although aimed at young drivers the app, available from iTunes or Google Play, can be downloaded free by anyone and could offer older people the chance to see if they could chop premiums too - but only if they are safe drivers.
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