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August 18, 2004

Pay-as-you-drive insurance hits the road

payasyoudrive5,000 Norwich Union policyholders are getting a crash course in a new type of car insurance. This pay-as-you-drive insurance works by remote from a black box the size of a DVD case. As drivers make a trip to the store vs. a trip to Disney, data is collected and the drivers premiums reflect their driving habits. Some drivers say this newly evolving technology is an invasion of privacy . . . then don't get it. This new device will allow for more real time data analysis that ultimately can save everyone a few extra bucks.

More on this topic:
Pay-as-you-drive car insurance - The in-depth story complete with charts and explanations (PDF)
Pay-as-you-drive car cover tested from BBC News
Norwich Union tries back seat driving from Guardian Unlimited
Pay-as-you-drive insurance scheme from IC Berkshire

Posted by Tom Troceen


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