Skip to main content

Smartbox Technology


Smartbox Technology

Insurance companies are implementing smartbox technology so good drivers can benefit from cheap insurance rates.
The smartbox, similar to a black box for airplanes, records details about how your car is driven, which can result in cheap car insurance for responsible drivers.
The device is connected to the electronics in your car and collects a wide criteria of information such as time, speed, braking, cornering, acceleration and location.
new electronic inventions The smartbox data is wireless transferred in real time to the insurance company and provides a profile of when, where and how you drive. This profile is then used to compare insurance rates and to reward low-risk driving behavior with cheap insurance rates.
Drivers are high-risk when they drive irresponsibly such as speeding, frequent lane changing, driving in high-risk locations or at high-risk times such as in heavy traffic or late at night.
These new electronic inventions are intended to replace the standard practice of categorizing drivers into group behavior to determine insurance coverage and premium payments.
For example, young drivers are more likely to drive fast, drive at night. and use a cell phone while driving. Statistically, young drivers are more likely to cause an accident so insurance companies charge them higher rates to cover the costs of accident claims.
So even if you're a young, responsible driver, you will pay high insurance rates because of group behavior.
This technology allows you to provide proof that your driving behavior doesn't fit the pattern of your demographic group.
All the information collected about your driving can be viewed online - including what you're doing well and what could be improved. Your insurance premium is then calculated according to your driving profile.
Sources: exigeninsurance.com; co-operativeinsurance.co.uk; Photo: mikecco
You may like reading - "SMARTBOX INSURANCE".

Comments

Post a Comment

Popular posts from this blog

DNA Captured From 2,500-Year-Old Phoenician

History May 28, 2016 03:28 PM ET DNA Captured From 2,500-Year-Old Phoenician Analysis of the ancient man's DNA reveal he had European ancestry. Researchers have sequenced the complete mitochondrial genome of a 2,500-year-old Phoenician, showing the ancient man had European ancestry. This is the first ancient DNA to be obtained from Phoenician remains. Known as “Ariche,” the young man came from Byrsa, a walled citadel above the harbor of ancient Carthage. Byrsa was attacked by the Roman general Scipio Aemilianus “Africanus” in the Third Punic War. It was destroyed by Rome in 146 B.C. 2,700-Year-Old Phoenician Shipwreck Discovered Ariche’s remains were discovered in 1994 on the southern flank of Bursa hill when a man planting trees fell into the ancient grave. Analysis of the skeleton revealed the man died between the age of 19 and 24, had a rather robust physique and was 1.7 meters (5’...
Post a Comment
Read more

Elaborate Neanderthal Structure Found

Human May 28, 2016 05:45 PM ET Elaborate Neanderthal Structure Found Neanderthals built some of the world's earliest constructions, which were just found deep in a French cave. Circular heated structures built by Neanderthals have been discovered deep inside a cave in France and are now among the world's oldest known human-made constructions, a new study has found. The structures, dated to around 176,000 years ago and described in the journal Nature, provide evidence that Neanderthals were clever about using fire, had complex spatial organizational abilities, and explored at least one extensive cave system. They additionally indicate that humans began occupying caves much earlier than previously thought; until now the oldest formally proven cave use dated back only 38,000 years (Chauvet). The site where the constructions were found -- Bruniquel Cave in southwestern France -- was only just...
Post a Comment
Read more