Compare the Box Published New Resources on Smartphone App Insurance Integration in the UK
Telematics based insurance uses data from GPS systems to analyse driving data, which can give insurance companies unparalleled accuracy in setting insurance rates. For responsible drivers this secures a far better premium than traditional insurance, which is based on nebulous factors, most of which unrelated to the practice of driving itself. Telematics insurance has previously only been available to those with GPS tracking in their cars, but a new generation of smartphones means such an expensive installation can now be forgone, as explained in a new editorial on Compare The Box.