Black box car insurance, also known as telematics insurance, is a type of auto insurance that uses technology to track and record a policyholder's driving ...
What does a black box do on a car?
The device records a car's speed, the distance it travels, how it accelerates and brakes, and what time of the day or night the car is used. All this information builds a profile of the driver that the insurance company uses to work out how much of a risk they are to insure.
How much does a black box cut on insurance?
And this usually translates to lower insurance premiums after at least a year of driving with a black box – you might find your premiums see a reduction of as much as 60%
How much cheaper is it to have a black box?
According to Finder's research, motorists can typically save between 8% and 26% on their premiums with a black box.
How long does a black box stay on your car?
A black box insurance policy will generally last for about 12 months. After that, you can renew your policy, or you can compare the prices from different insurers and choose a new company and policy. In some cases, you do get benefits for renewing your policy.