With car insurance premiums higher than ever
it's certainly not good news for new or young drivers who, because they're statistically more likely to be involved in an accident, are left with significantly inflated premiums. However, there is a way around the eye-watering insurance bill. Many car insurers now offer black box, or telematics insurance, which works by monitoring your driving for a certain period and, if deemed safe, your premium could be reduced mid-way through a year. This means that the premium you pay is based entirely on your driving style as opposed to statistics.
How does it work?
If you opt for a black box policy your insurer will come out to connect a small black box to your car. This isn't something you'll be able to see, nor will you have access to it. Usually, they're connected in the casing underneath the steering wheel. However, when they've finished you'd never know it was there. The black box records a number of details every time you drive your car, including the distance travelled, the time you travelled and your speeds throughout the journey. Along with this, it'll also assess your driving style which will include harsh braking and cornering. Although you will be unable to access the device directly, you will have a dedicated dashboard login where you'll be able to see your driving performance and progress. It'll highlight areas where improvements are necessary in order to improve your scores, and consequently bring down your insurance.
Black boxes and lease cars
So you've seen a brilliant lease deal on a great little city car on a personal lease
or business lease and, what's more, it's something you really can afford. However, you've just run an insurance quote and that's scuppered your plans. Contrary to popular belief, it is possible to have black boxes fitted to a lease car and it's likely to be much easier than you think. In fact, it's exactly the same as having a black box fitted to a car that you own; your insurer comes out, fits the box and you're away. It really is as simple as that! If you're interested in any of our latest deals but your insurance costs are preventing you from going for that cheap little runaround, try a black box quote you might just be surprised.
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