Complaining about high costs of insuring cars is a common topic for a chit chat. However, are you doing enough to get the maximum discounts? There are many options to choose from if you want to bring the costs down. At times you may consider new ways of qualifying for them as well. These solutions offered with the help of technological advancements can be utilized by good and risky drivers.
What are the available options that allow you to find lower premiums?
One of the new ways offered is telematics. It refers to the use of technology to remotely monitor driving habits and usage. In order for companies to offer great rates they may need to have more accurate and up to date information about your driving ability. These devices like Snapshot tell a lot about how good or risky driver you are to the insurer. These usage based coverage options are offered by more and more companies lately.
A monitoring device is fitted to the vehicle to transmit information about the speed, braking patterns, mileage and the hours of auto usage. For example, if you are using your automobile to go to work and come back and it is parked at the driveway most of the other times you may save considerable amount of money. Keeping within the speed limit and keeping good distance to reduce aggressive braking can help you further. However, you will be charged a lot more if you are driving at early hours of the day and displaying erratic driving patterns of speeding fast and braking hard.
Car insurance companies are hungry for more information all the time. If you are willing to give it to them you may be in for good discounts. These policies can help good drivers with low mileages to save a lot of money. Since they are keeping it to basic needs they would be able to only pay as much as they drive.
Alternatively, you may have had couple of unfortunate accidents and now you need to prove that you are actually a good driver. This little device you allow insurers to put on your car will tell them everything they need about your driving skills. Instead of being put in a high risk driver category automatically you may choose to dictate your own category by being an even more careful driver.
Advantages and disadvantages of driver monitoring devices
The major concern among motorists is the fact that they are being watched by this little gadget. Simply you are allowing yourself to be spied on by the insurer. Some people may not be prepared to give way on this. Quite a few people have a dislike for big brother situation and some may even be paranoid about the whole they are watching us theory.
A recent survey carried out by Deloitte confirms the scepticism. Only 1/3 of participants said that they would be alright with such programs. Naturally some more people would agree to it if they are compensated properly with reasonable discounts. Nonetheless half the participants would be convinced to have a go if they get at least 20% discounts. This is quite an agreeable outcome. Why should they allow any monitoring if there is not much in it for them.
People must realize that these policies do not offer automatic discounts. If you are good and can prove it you can get a hell a lot of savings. Otherwise, you may even end up paying more. This would be a good cue to join an advance driving classes. Even a small device can tell that you are no good driver it may be time to go back to school.
If you can get over the privacy issues it may work for you. When you are confident that you are a better driver than your current records show this may be for you. You may like to grab the savings whichever way they come.