Black Box - Insurance Cancelled

[VSKeith]

NRG1976 said:

TwigtheWonderkid said:

The reason there are often large discounts for young driver BB policies is not because the insurers are being charitable, but because stats show they produce a 45% reduction in KSI accidents. If you have a teenage son or daughter driving, why wouldn't you want that? Neither of my sons had their own car when they were teens, but if they had, they absolutely would have had a BB policy, given that I was the one paying. Even if there was no saving.

I would have wanted to reduce the risk of them being involved in a serious accident.

Spot on

+1

Although I have to say that I don't think anyone in this parish has ever accused insurers of being charitable

[blueg33]

TwigtheWonderkid said:

FMOB said:

TwigtheWonderkid said:

Guybrush said:

I would take from this a lesson: don't ever have a monitoring system of any sort fitted to your vehicle (or anything else).

That's a very strange lesson to take from this tale of woe. The lesson I take is that if someone or something is monitoring your driving, don't drive like a tt.

There are 2 lessons here.

1. Don't have monitoring if you can afford not to.

The reason there are often large discounts for young driver BB policies is not because the insurers are being charitable, but because stats show they produce a 45% reduction in KSI accidents. If you have a teenage son or daughter driving, why wouldn't you want that? Neither of my sons had their own car when they were teens, but if they had, they absolutely would have had a BB policy, given that I was the one paying. Even if there was no saving.

I would have wanted to reduce the risk of them being involved in a serious accident.

Whereas, I trusted my kids. Both have proven to be sensible behind the wheel.



Back to the op. I still don’t understand why his job BB quotes are so high. It must be to do with driving record, location or mods to the car. My kids are younger than him and their policies cost nothing like as much. Eg 24 year old daughter 5 years no claims £400 no black box. 28 year old son, 2 litre car, just over £500. They live in different places so it’s not all down to location.

[RSTurboPaul]

TwigtheWonderkid said:

-Lummox- said:

It's only a matter of time surely before all (or at least most) policies come with this sort of thing.

When Norwich Union (now Aviva) first introduced them in 1996, it was a niche product for young drivers. Loads of people said it was the thin end of the wedge, and by Tuesday week we'd all have one. 28 years later and in the main, it's a niche product for young drivers.

There are millions of people in the UK paying £250/year for insurance or less, over 40, 1.4 eurobox, not living in a city, max ncb, no claims for 20+ years, etc. Where's the profit in supplying and monitoring a BB to them, when they rarely claim anyway.

It's a complete non starter.

Don't worry - the ECUs in new cars will be (are) logging your location, speed, driving style and any accident-related data, which I'm sure the insurance companies won't be interested in

[pingu393]

RSTurboPaul said:

Don't worry - the ECUs in new cars will be (are) logging your location, speed, driving style and any accident-related data, which I'm sure the insurance companies won't be interested in

Most cars with airbags store impact data.

[Countdown]

RSTurboPaul said:

Don't worry - the ECUs in new cars will be (are) logging your location, speed, driving style and any accident-related data, which I'm sure the insurance companies won't be interested in

I know I'm a naive simple sort of chap so please humour me but is that really an issue?

I'm pretty sure my phone logs where I' am and where I've been. I don't generally speed (athough the BB in my wife's car has made me realise I'm not the angel i thought i was ). My driving style is "PH excellent" (I went on a course where I marked myself). And in terms of accident related data surely it would be helpful knowing which numpty was at fault?