Black box car insurance could save older drivers up to £350 | Cars | Life & Style - World Big News

Black box car insurance could save older drivers up to £350 | Cars | Life & Style

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is typically associated with younger drivers looking to save money on their premiums. 

First time car insurance premiums are extortionate due to the perceived and associated risk of a younger driver. 

Telematics premiums are, however, becoming more popular as other age groups wise up to the potential savings. 

According to research from Coverbox, drivers over 50 spending more than £650 on their premium could potentially make a saving by taking out one of these insurance policies. 

Good drivers will also benefit from the savings from a when renewing their insurance.

Almost 30 per cent of customers over 50 years saved more than £350. 

Soaring costs in car insurance, which rose again in Q4 in 2017, are forcing more drivers to try and find ways to keep costs down. 

And this means the number of drivers over 50 opting for a black box is increasing in the UK. 

In 2015 only four per cent of telematics policyholders were over 50, but today this figure is more than 14 per cent. 

Married black box policy holders also increased from 23 per cent to 39 per cent over the same time period. 

Howard Collinge, Director at Coverbox, added: “As driving is becoming more expensive, it is no surprise that more and more road users are looking to technological options to reduce their premiums. “

Black box premiums also have the benefits for drivers which include being able to help locate a stolen vehicle or streamline the claims process.

In addition to this, motorists can also improve their driving by reviewing the telematics data, which can also identify events leading up to and after an accident. 

“The technology is generally misunderstood, and rather than it being a penalty for drivers, it can track your car if stolen, report incidents accurately, and increase the speed of the whole claims process, all the while rewarding safe driving with lower costs.”