Black boxes are synonymous with helping young drivers cut their insurance premium costs, but did you know – having a black box device installed can actually help older drivers find affordable car insurance too!
It’s well known how beneficial having a black box device installed in your vehicle is as a young driver. It can reduce accidents, make you more vigilant on the road and save you hundreds of pounds. But with many older drivers facing increasingly high car insurance costs, mainly due to their age, they too can also save money with this innovative technology.
Standard car insurance premiums are based on how much risk you pose, according to factors such as age and location. But with telematics policies (such as black box devices), car insurance is priced solely on how you drive – it can go up or down depending on your own driving style, routes you take, mileage and the time of day you travel.
According to analysis from LexisNexis Risk Solutions, around one in three drivers under 25 uses a black box to save money on their insurance.
Yet, only one in ten people aged between 35 and 54 has taken out a telematics policy — and just one in 20 drivers aged over 55.
Money Mail research suggests this may be because older drivers are not aware of this type of insurance. Analysis from Money Mail also shows that drivers in their late 50s were typically offered half as many black box deals as drivers in their early 20s.
So, if you aren’t aware of the benefits of a telematics policy and are looking to find out more about how they can save you money – look no further than Omni Davis. Get in touch with our friendly team today.
Tel: 01403 785775 or 01243 864018
Email: info@omnidavis.co.uk
