You may have heard a lot about black box insurance from your family and friends. While your friend may complain about the limitations of black box insurance, your parents may suggest that being a first-time driver is a great way to save money.
But who should you listen to and is telematics insurance right for you? Find out more about the advantages and disadvantages of black box insurance and how much you can save with insurance in our blog.
Black box car insurance: pros and cons
There are many advantages to black box insurance, and there may even be some disadvantages.
Benefits of black box insurance
The main advantages of black box insurance are as follows.
Cheaper insurance for young and convicted drivers
The main attraction of black box insurance is that it is usually cheaper than standard insurance schemes. This usually works through a connected app or website that gives you daily, weekly, or monthly feedback.
The feedback is often focused on how you’re driving and where you might have made a mistake. This can help you correct mistakes before they add up to expensive rewards. You can find more information on how telematics insurance works on our blog at Black box insurance explained.
If you are a young driver or if you have previous beliefs and faced high insurance premiums, black box insurance can help you prove what a great driver you are – and save money in the process! And this usually translates into lower insurance premiums after at least a year of driving a black box – your premiums may be reduced by up to 60%!
You can choose who is viewing your information with the correct insurance policy
While there are some concerns that black box insurance may compromise your privacy, it is not always the case. Many schemes allow you to choose who is viewing your information.
Whether you want to share your information with your parents or keep it private, the decision is in your hands. You can check if this is the case with your chosen black box insurer by reading their terms or by asking a representative.
Great for convicted drivers to prove that you are a safe driver
Black box insurance isn’t just for young drivers. It can also help you if you’ve previously received auto or criminal convictions. A telematics policy will help you prove that you are a safe driver, so it can translate into cheaper insurance upon renewal, especially if you don’t need to make a claim.
Can prevent theft
With your black box on display, thieves will likely think twice about stealing your vehicle while you’re away! Most black boxes are practically a tracker so you can easily find your car in the event of theft. This is especially important if you are an engine head and want to treat yourself to a nice car.
Some black boxes are not immediately visible to passers-by. While cars with invisible telematics devices are just as likely to be stolen, the likelihood of their being recovered is much higher than if you had a standard car without a tracking device or black box.
Can help settle claims
Suppose someone accuses you of bumping into them and you haven’t even been there, or they accuse you of causing the accident, although the actual data gathered by the black box may help prove that you are neither were you at the crime scene or that you did not instigate the accident.
Can help improve driving skills
A black box can serve as an extension of your driving lessons. Many give regular feedback to tell you how you are doing. Some apps even let you show a map that shows where you made a mistake so you know next time you don’t have to make the same mistake.
This means cheap car insurance when you take out regular insurance
While you may see telematics boxes negatively, this is a great way to cut your premiums by hundreds, or even thousands in some cases. And once you’ve proven that you are a safe driver for insurance companies, it means cheaper car insurance too.
Some black box insurance policies offer a no-damage bonus for damage-free driving even if you have a black box.
Disadvantages of black box insurance
Here are some of the disadvantages of black box insurance.
Curfew so you can’t drive at night
Curfews are the biggest complaint about black boxes. Many insurance companies will penalize you for driving late at night or outside certain hours. This is because accidents tend to be more common at night. Driving at night is considered to be a higher risk.
Fortunately, there are some insurers who won’t penalize you for driving at night. It’s always best to check the terms and conditions if you don’t like the thought of a curfew.
Some black box insurance companies will pass information on to your caregiver without hesitation, which is why we’ve made this both a pro and a con.
According to a Recent studyIt has been found that young drivers drive safer when their parents have access to the data collected by their telematics device.
It is therefore not surprising that some insurers are making black box information mandatory for parents of young drivers.
Installation fees and time
If you bought a black box, it will likely need a technician to install it. This means that you have to book a time with the engineer and possibly even pay for the setup. And worse, if something happens to the black box, you will likely have to spend more money so an engineer can fix or replace it.
Fortunately, there are a few alternatives you can use to set up the telematics device yourself, but there are few.
I can’t tell the difference between driving and someone else’s driving
Once you’ve added named drivers to your policy, be careful who you choose! This is because the black box cannot differentiate between different drivers. If the other person makes mistakes, it can affect your insurance premiums.
Does a black box reduce insurance?
Yes – as long as you have good driving safety, black box insurance is a great way to save money.
How much can you realistically save with black box insurance?
Your initial listing will of course depend on a number of factors, including your location and the car you choose. With that said, a typical quote can be hundreds of pounds cheaper.
Is it worth it to have a telematics box?
If you consider yourself a safe and responsible driver, it is definitely worth buying a telematics box. Indeed after This is moneyThe policies are so widely praised that older drivers are increasingly applying for black box insurance.
Can black boxes be wrong?
Recently, a number of news reports have reported that black boxes falsely registered the driver as a driver while the car was still in the garage or in a different location than where they actually were. While technologies are not always bug free, there are usually few bugs.
However, if you think your black box is not working properly, you can simply call your insurer and let them know.
Do I need a black box?
While you don’t need As a black box, they can come in handy when faced with high premiums. This makes them particularly suitable for young, new and convicted drivers.
How does Adrian Flux’s black box insurance compare?
At Adrian Flux we offer our own black box device: FluxScorewhich has the following advantages:
- Approximately 80% of our customers can reduce their renewal offer
- With safe driving, you can save up to 60% on your renewal price
- Black Box can be assembled by yourself
- No curfew
- You can choose who should view your information
- We give feedback on how you drive every day
- Offers a no-claims bonus for undemanding driving
- Smartphone app available for Android and iOS
- Online maps that mark the locations of incidents or driving errors
- The GPS black box functions as a telephone and tracking device in an emergency
- Warning system that draws your attention to bad driving and an increasing premium
For more information and a free, no-obligation quote, call us on 0800 369 8590. Alternatively, you can also receive a callback from Fill out our callback form.
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