Telematics - Friend or Foe (Technology and Insurance Premiums) As technology evolves many industries find ways to apply it to make better products, become more efficient or reduce costs, make life easier and so on and so on. There is a new trend in the insurance industry in the UK that is just appearing in Canada and the USA called Telematics. Telematics involves voluntarily installing monitoring equipment in you car to assess your driving behaviour. If you are a good driver it may mean a decrease in the cost of your insurance of up to 40%. However if you have poor habits then it may mean a similar or higher increase. There are a lot of articles on the web that can inform you about this trend. Now is a good time to check it our and form an opinion and let politicians know your thoughts. It will get here eventually. Let me know what you think about the ideas in the article. theglobeandmail/globe-drive/car-life/telematics-big-brother-is-behind-the-wheel/article13972785/
Posted on: Fri, 22 Nov 2013 19:16:40 +0000
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