Drivers without insurance 'black box' could be forced off the road within 10 years

Inch_High_2

Strider590 wrote: »

Well, this is just another twist on the idea of GPS boxes fitted to cars, to have contents read at MOT time and to have all speeding fines issued at that time.

Speeding at present is a summary offence that requires a NIP. So stick to the speed limits 14 days before your Mot and you'll be ok.

Nodding_Donkey

Can you imagine explaining a track day to a script-kiddie in an offshore call center?

peachyprice

Generali wrote: »

Londoners happily get on driverless DLR trains every day.

Only when they're running :rotfl:

InsideInsurance

StrongWork wrote: »

Telegraph Link



Not keen on this at all

I am not convinced yet that this will happen in those timescales. It was 9 years ago that I worked on a project with an insurer to make changes/ acquisitions to enable them to introduce their own solution but they never brought it to market and I believe either have sold or trying to sell what they'd acquired to make it happen.

5 years ago I was in talks with one of the key providers of the tech and even those guys werent interested in it for the long term but were wanting their kit in as many cars as possible as they were betting on tax discs being replaced with pay by use using telematics and wanted both the data to lobby for it/ position themselves as the main supplier for it.

It could happen, but I'd be surprised.

Generali

InsideInsurance wrote: »

I am not convinced yet that this will happen in those timescales. It was 9 years ago that I worked on a project with an insurer to make changes/ acquisitions to enable them to introduce their own solution but they never brought it to market and I believe either have sold or trying to sell what they'd acquired to make it happen.

5 years ago I was in talks with one of the key providers of the tech and even those guys werent interested in it for the long term but were wanting their kit in as many cars as possible as they were betting on tax discs being replaced with pay by use using telematics and wanted both the data to lobby for it/ position themselves as the main supplier for it.

It could happen, but I'd be surprised.

The thing that's changed since 2009 is that many people carry an accelerometer and GPS in their pocket in the shape of a smart phone.

It would be pretty simple to produce a Strava-style app that measured your driving against speed limits and checked hiw hard you pushed things round corners.

The problem is, once one firm offers the discount and starts being able to measure their risks more effectively then they'll gain such a competitive advantage that they'll force everyone else down the same road.

(I work for an Australian insurance company).

Joe_Horner

Generali wrote: »

The problem is, once one firm offers the discount and starts being able to measure their risks more effectively then they'll gain such a competitive advantage that they'll force everyone else down the same road.

(I work for an Australian insurance company).

But there's a world of difference between "offering discounts for..." and "artificially inflating prices for not..."

I'm currently whatever risk I am (with no claims in 30 years, and driving a boring old diesel estate over 10 - 12 k miles a year, quite a low one) and that won't change just because I refuse to have one of these fitted.

So any increase resulting from that would be artificial, punitive, and discriminatory against my perfectly valid choice of privacy rather than risk based.

If my premium remains the same and I get a genuine discount from that for choosing to fit this kit then it'd be a slightly different matter - like that's ever going to happen!

jaydeeuk1

I don't see what the problem is. Just install a GPS jammer and you won't be able to be tracked. Plus it will look like you only drive 10 miles a year so cheaper insurance all round!

But seriously, what would happen if someone else used the car regularly using their insurance which allows to drive other vehicles 3rd party? Or it was at a garage and needed a mechanic to test drive? Would you need to write to them every time someone else might borrow the car with exact times etc?

InsideInsurance

Generali wrote: »

The thing that's changed since 2009 is that many people carry an accelerometer and GPS in their pocket in the shape of a smart phone.

It would be pretty simple to produce a Strava-style app that measured your driving against speed limits and checked hiw hard you pushed things round corners.

The problem is, once one firm offers the discount and starts being able to measure their risks more effectively then they'll gain such a competitive advantage that they'll force everyone else down the same road.

Its a very theoretical thing and we have seen it have this effect here such as TPFT being more expensive than Comp. On the flip side you'd expect to see the same impact with bedroom rated Home insurance which has "unlimited" cover however in practice the price of these haven't been driven up. People should be realising that if they have less than average contents that they'd be better off with a sums insured policy thus leaving the scheme and thus the average actual sum insured goes up again meaning premium increases.

Time will tell and I may well be proven wrong but at the moment I don't think that they will be the majority of policies within the next 10 years.

londonTiger

tberry6686 wrote: »

I don't, for one minute, think that this will come to pass. Think of the data protection issues, human right's etc. Any insurance company that tries to inflate the premiums because you will not let them monitor your driving would rapidly be challenged in the courts and would almost certainly lose.

you do know that the government is planning to sell all our tax data to private companies don't you?

tracking your driving is just a drop in the ocean in comparison

londonTiger

photome wrote: »

Would be good to revisit this post in 10 years time to see if driverless cars are common, my money says they wont be

How much are you willing to bet? I'd put £100 in todays money on it.

Cars are already incorporating driverless aspects to cars. Self parking, lane control, automatic braking. Audi has already developed a car that will park itself in a carpark for you: https://www.youtube.com/watch?v=vt20UnkmkLI

There benefits of self driving cars are numerous
1) saves time. Instead of wasting 2-3 hours of your day just holding a steering wheel. You can get work done while the car drives itself

2) saves fuel, driverless cars can drive on motorways just 2 feet between each other. drastically reducing aerodynamic drag

People think driverless cars are a long way off because they assume that it's really complex "tomorrows world" technology. But the technology is relatively simple and we're 95% there already. Just need to iron out a few loose ends.

The challenge is car dealers don't want to sell driverless cars. People won't have pride of ownership over a driverless car. If you don't drive it, you don't consider it as yours. So people will carpool more. Maybe a few people will get together and buy a driverless car to share between them. This will drop car sales.