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How Blackbox Insurance Cuts Young Driver Crashes

HOW BLACK BOX INSURANCE CUTS YOUNG DRIVER CRASHES ingenie Each year, 6 50,000 20%A 88% THE PROBLEM of young drivers ingenie new drivers will crash in their first six months of serious road incidents involve a driver under 25 surveyed had not taken the number of driving lessons recommended by the DVSA FIVE 524 year KILLED very week, 95% 25 is the accepted age at which the human brain's risk assessment capabilities olds are of crashes are down to attitude to risk on UK roads REACH MATURITY making road traffic incidents the biggest accidental killer of this age group ONE IN FIVE young drivers crashes within their first 6 months on the road THE SOLUTION Data from the black box builds a picture of driving style, including speed, acceleration, breaking and cormering. The driver gets regular feedback and a driving score out of 100. Their insurance is reviewed 3 times a year - and the better their score, the less they pay. Young drivers sharing feedback with a parent or guardian are More than of young drivers engage with feedback on their 190% driving behaviour and on 28% average check feedback 14 times a month less likely to crash than those who don't ingenie has 8» 21% (O 40%> seen a Drivers with OF NEW DRIVER CRASHES, HIGH SCORES ARE LESS LIKELY to have serious crashes than those with lower scores REDUCTION in highly dangerous driving incidents in 2014, compared with 2013 involving 17 to 25-year-old drivers, could be avoided through wider adoption of black box insurance WITH INGENIE, ONLY ONE IN EIGHT young drivers crashes within their first 6 months on the road There is a 6% standard rate tax on car insurance WHAT'S NEXT? premiums (IPT), which adds more than £100 to the average cost of insurance for a new young driver. INTRODUCING A 7-YEAR IPT EXEMPTION ON TELEMATICS POLICIES FOR NEW YOUNG DRIVERS WOULD... increase take-up by and saving the economy as many as cutting crashes by 245,000 28,749 £500 MILLION policies annually each year BY YEAR SEVEN IPT relief taken from The Road Safety Foundation "Making Road Safety Pay' report commissioned by Ageas UK in November 2014 Source: ingenie Young Driver Report 2014 Full report available at www.ingenie.com/young-driver-report-2014

How Blackbox Insurance Cuts Young Driver Crashes

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ingenie has used data gathered over 200,000,000 miles of driving on which to base the following conclusion... that blackbox insurance reduces the number of young driver crashes. The data has provide...

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Transportation
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