Warwick Davis (Insurance Consultants) Ltd Blog

BIG BROTHER coming to a VEHICLE near you….

BMW plans to pre-install "black box" technology in all new cars by 2015. A knock-on effect may result with other manufacturers following suit in the future.

The GPS companies could then download the data from the boxes and pass it on to insurance companies to assess driver behavior and rate insurance premiums accordingly. Whilst some drivers will recognise obvious benefits to this type of system, particularly younger drivers where premiums are horrendously expensive, others may feel that this is over-intrusive monitoring by insurers.

As well as overall driving speed, the type of information that insurers may be able to monitor include rate of acceleration, braking intensity and cornering characteristics. Location and time would also be relevant risk factors.

We would be most interested in any comments or views you may have on this subject.

This entry was posted on Thursday, November 10th, 2011 at 3:07 pm and is filed under Fresh News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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