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Black Box Insurance Reviews
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“Insurance companies can use vehicle driving data gathered by telematics sensors attached to vehicles to rate automobile insurance policies, while auto dealers can use the same sensors to gather vehicle diagnostic data which is used by dealers for use in servicing customers in diagnosing problems with their vehicles and other related services,” wri
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In this blog post we take a real life example to illustrate the point, this post looks at the car insurance industry, namely consumers adoption to Black Box Telematics.
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The Internet of Things features companies to grow their enterprise models, develop important clients and enhance present processes.
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Is this the silver bullet that black box insurers have been looking for?
The DropTag, made by UK tech firm Cambridge Consultants, could help support pay-as-you-drive (PAYD) car insurance and refrigerated transport.
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Craig Beattie, senior analyst in Celent’s insurance practice tells a tale of two halves, how the telematics models are evolving and where leaders in the industry feel it will go.
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A recent study from the US shows the top 3 new technologies that drivers want from their cars: blind spot detection, night vision and collision avoidance systems.

http://ow.ly/NhCCx 
Three of the top five technologies consumers most prefer in their next vehicle are related to collision protection, according to the J.D. Power 2015 U.S. Tech Choice StudySM released today.
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There are currently around 323000 live policies in the UK market, compared to 296000 in December 2013. BIBA said policies with the use of the “black box” could save careful drivers up to 25% of premiums and young drivers could save up to £1000. BIBA explained the technology monitored a number of ...
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In this blog post we take a real life example to illustrate the point, this post looks at the car insurance industry, namely consumers adoption to Black Box Telematics.
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Telematics devices are in vogue in the Motor market but if both Commercial Policyholders & Insurers are to benefit from new devices, Insurance providers need to get smart with the technology and offer a more integrated, claims-focussed telematics solution.
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  • BlackBoxInsuranceReviews.com
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Black Box Insurance - What is it? Who does it? How good are they? Read our reviews, get thet latest news, take part in a poll, join the debate.
Introduction
         
Iain MacSween, founder of blackboxinsurancereviews.com speaks to Trusted Car Buyers about a new revolutionary type of car insurance which he expects will soon become a standardised package for all drivers’ insurance.

He told us:

‘If you are anything like me you will distrust Insurance companies. You will distrust insurance companies, banks and politicians. Time and time again we put our trust in these people only to have that trust abused.’

His story begins four years ago. After reading about black box insurance and its possible implications for the future of drivers in the UK, he decided to set up the Black Box Insurance Reviews site.

This was at the very beginning of the black box revolution and although there was little information at that time, what I did was read and understand that black box insurance will revolutionise car insurance.

The logical conclusion is that black box insurance will become global and will be the standard insurance package for all drivers. It has to be. There is no other option. The simple fact is that this device has the capacity to stop the carnage that occurs on roads worldwide on a daily basis.

Let’s combat high casualty rates

If this simple device can change the driving and behavioural patterns of road users, it can lead to a dramatic reduction in deaths and serious injury.

Globally the statistics are horrendous, even in the supposedly more advanced countries like the UK and USA with better built infrastructure the statistics are untenable.

1,754 deaths and 23,039 reported casualties in Great Britain in 2012

36,200 deaths and 3.9 million reported casualties in the USA in 2012

In addition to devastating human loss, motor vehicle crashes present a significant national cost in lost wages and productivity, medical expenses, administrative expenses, employer costs and property damage. The estimated cost of motor vehicle deaths, injuries and property damage in the USA for 2012 was $276.6 billion, a 5-percent increase from 2011.

If this is the case then the aim of any rational government has to be the reduction of these horrendous statistics by the introduction of this type of vehicle tracking and by making it compulsory. The only way to do this is by passing laws that make the installation of telematics boxes to all new cars.

My concern was that black box insurance will become compulsory in the near future and having reviewed some of the companies who will be offering black box insurance policies I was concerned about the level of service that was being offered.

I was dismayed when I first heard about black box insurance. The thought that I would have every journey monitored and be judged on it for my insurance premiums horrified me.

However, the more I researched into black box insurance, the more I realised the potential that it offered. It can be a force for good if, properly monitored, and it can save thousands of lives and tens of thousands from serious injury and reduce the NHS bill by billions.

Not to mention saving families the length and breadth of the country from going through the trauma, loss and grief associated road with traffic deaths and injuries.

Black Box Insurance Reviews have been following and reporting on the emerging black box insurance market for nearly four years now and have managed to collate that information and bring it to you in an concise, constructive and impartial way.

We deliver the truth, the facts about black box insurance and how it will affect you, we give you unbiased reviews on all the major providers and up to date facts figures and information for you to disseminate and make your mind up on whether or not this type of insurance is for you.

Black Box Insurance Reviews benefits you

Black Box Insurance Reviews will benefit you by letting you know who the best black box insurance providers are and which company will be best for you when you come to renew your policy. The site is all about you, it is controlled by you, and only you can ensure the accuracy of the information about the individual black box insurance providers.

When you put in your review and rate each provider the site will place each provider in order of the review scores that they receive resulting in a league table that shows site visitors black box insurance providers in order of rank.

This will enable visitors at a glance to see who the top performing providers are and enable them to make an informed decision on which provider that they would like to use according to their requirements.

When it is noted through the reviews that there seems to be a particular problem then we will run a poll on that issue and send the results to the offending company asking them to fix the problem. We can hopefully work with companies to resolve any issues that may arise with this new technology and help to smooth the transition to monitored insurance.

Black box insurance is new, it is revolutionary just like this site, it will take time to resolve all the issues that will arise but with this site and your help we will make a difference. It will take time to build up the reviews section of the site but the news and information side is up to date and accurate.

I would recommend that you read what the companies are offering and see which company best suits your needs before making a decision.

Black Box Insurance in 2014: What the Future Holds

We have been studying this market for the past four years and are confident that if certain criteria are met then black box insurance will actually become a tool for enriching your driving experience.

Far from becoming the overlord who monitors and punishes miscreant drivers it will become an interactive driving tool that aids and abets your driving experience. It will educate and inform drivers on how to get the best performance from their car whist driving at the optimum speed and fuel efficiency for the road and conditions that they are on.

It will become a driving buddy, not a driving boss

Black box insurance is growing phenomenally and is ever-changing. As technology improves, it will soon change from simply a data gathering black box into an interactive learning tool with head up display and this is when people will begin to realise the potential  that this form of insurance offers.

The fact that that it is linked to an insurance company will be irrelevant as all cars will have to be linked. What is relevant is that you will be responsible for your own driving record and if you would like to be the best driver that you can possibly be, then this interactive system will teach you how to be the safest, most fuel efficient driver that you can be.

It will also enable you to get the best driving score that you can which will allow your insurance company to offer you the lowest priced policy that they can.

Lower premiums

As this technology rolls out and insurance claims drop the insurers will be in a position to lower premiums in general as their profit margins increase.

With black box insurance the risks in the future will reduce dramatically as the accident rate and claim rate goes down as individual drivers improve and regulate their driving, offering insurance providers a better profit margin, which in turn, should be reflected in the general level of car insurance quotes.

When you combine that with the fact that there will be less crime involving cars, the future for black box looks good.

Reduce crime

It may seem an implausible statement, however, if black box insurance became compulsory only the most inept of car thieves would contemplate stealing a car. If every car in the country was monitored it would be impossible to drive in a vehicle that was not tracked without attracting attention from the police.

Even if you managed to steal a car, your every move from the minute you turn the ignition on will be recorded, your crime will be there of file recorded and ready for dispatch to the courts from the second it starts until the second you are caught.

Over the last decade, more and more motorists have been found to have been involved in a deliberately staged accident for a quick insurance pay-out by unscrupulous gangs.

With the advent of black box insurance and the introduction of dual mount ‘dash cams‘ the days of these criminal gangs are numbered.

Organised crime reduced too

Another bonus would be that organised crime gangs and drugs traffickers would find it impossible to move about with the freedom that they now enjoy. If police suspected someone of either being in a terrorist organisation, a member of an organised crime gang or being a drug trafficker, they could apply to the court to have your vehicle monitored and you would not even know about it.

With this information they could track your movement, find out where you go and whom you associate with. They could even backtrack your movements to link you to previous crimes or reveal where you have stored illegal weapons, stolen goods, or drugs. There will be no hiding place for those who intend to use vehicles in their criminal activities.

Black Box Insurance Reviews: Looking Out For You

Black Box Insurance Reviews will be looking out for you now and in the future. They have set out to monitor all the black box insurance providers and their products, report all the latest news and developments, and give you a platform to air your views.

Therefore, Iain asks you to play your part: get involved with Black Box Insurance Reviews, leave a comment, join the debate, take part in a poll or leave a review. Help us to help you and spread the word: tell you friends, family, like, share and tweet.

Spread the word BlackBoxInsuranceReviews.com are the premier UK black box insurance review site help us keep it that way.

Bragging rights
Bragging rights The UK's first independent black box insurance review site. Established in 2012 Black Box Reviews have become the premier go to site for the latest up to date information on black box telematics insurance and first port of call for those seeking independent reviews on all the latest black box insurance providers and telematics apps.
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