If you are looking for a quick way to save money on your car insurance policy, know that the solution is really at hand. In recent years, black box car insurance has appeared on the market, able to guarantee practical and economic advantages to customers.
Save on car insurance by installing the black box
Let’s start with an important clarification: telematics car insurance is not binding and does not preclude the possibility of changing policy. If you subscribe to it, you have to install a black box on your vehicle.
This device, equipped with a built-in GPS detector, allows you to record a multitude of data relating to the conduct of the driver, including any accidents in which he incurs. The Black Box can be mounted on any type of vehicle within 15 days of the stipulation of the policy and is recommended by insurance companies, in exchange for substantial discounts on the insurance premium, to combat fraud and lower the price of the premium. The reason? A considerable simplification of investigations related to accidents and their responsibilities.
Black box insurance: pros and cons
Resorting to telematics car insurance makes it easier to locate your car in case of theft or accident. The monitoring can also continue on the web, through the data of the same, with a personal password. The black box does not damage the “look” of the car nor does it complicate the driver’s life and it is advocated for its ability to streamline the settlement of claims.
Despite its ability to ascertain the real behavior of drivers involved in accidents, there are several objections to its use. Everything, in fact, revolves around the concept of privacy. Although the insurance company has access to certain data relating to speed or the extent of impact in the event of an accident, and checks aggregate data (annual mileage, average speed, route) in the absence of claims, many drivers may not like the presence of a constantly vigilant eye.
Those against this technological innovation criticize this annoying intrusion in the personal sphere, due to the continuous monitoring of movements. In addition, among the cons, we also mention the increase in the premium from the second year of the contract, when the discount linked to the installation is lost and there is a risk of exceeding the limit of kilometers covered. Once you have weighed these variables, resort to the most appropriate car insurance for you by comparing the best on the market.
You may also like
When it comes to home insurance, the reaction is almost always the same: there is a tendency to make doubt and skepticism the mainspring of every choice and rather than investing in a guarantee, you give up a priori to make an expenditure, often considered unjustified. One should, instead, abandon all cultural conditioning and persuade… Continue reading Home insurance, what it covers and why it’s worthwhile
Pet policies are gaining momentum in the insurance industry. Thinking about a coverage both for our friends and for those who have or will have to do with them means getting a total protection against any inconvenience that may occur. Let’s think, for example, of the possible damage that one of our pets could cause… Continue reading Pet Insurance: why it is the best choice
Life insurance can be very beneficial: here’s what it is and what types exist. The subject is morally challenging, as feelings such as conscience, love and affection for family members are the driving forces behind this investment. In fact, life insurance is a gift that is given to those who love themselves and their loved… Continue reading Why it is important to make a life insurance
Opening a bank online account is a very simple procedure that can be carried out directly from your home: all you need is a home Internet connection or access to the Internet even from mobile phones, in hotspot mode. Given that there are numerous proposals available on the net, some of which belong to 100%… Continue reading Opening an online bank account