Insurance telematics - Glossary

Insurance telematics is a game-changing advancement in the world of vehicle insurance transforming the way premiums are calculated. By harnessing the power of technology it involves the use of GPS and onboard diagnostics to monitor driving behaviour providing insurers with real-time data. This data includes speed braking patterns and mileage offering insights into the driver's habits and risk levels. Imagine your car as a storyteller relaying tales of careful cornering and smooth journeys to ensure your insurance rates are fair and reflective of your driving style. For instance a young driver who takes extra care behind the wheel could benefit from lower premiums thanks to telematics. It's a win-win enhancing road safety and giving responsible drivers the reward they deserve while empowering insurers to tailor services more closely to individual needs.