Car insurance has been a no-nonsense product required of all drivers on UK roadways for decades. It has been the one product which could be relied upon for anyone who found themselves involved in a car crash or similar circumstance. The financial support has been what drivers expect most and rightfully so. Drivers pay a monthly premium which entitles them to assistance when it is needed most. A new car insurance product is now taking cover a step further. A product known as telematics pay as you drive car insurance is making it possible for drivers to potentially save money simply by driving the car with safety in mind.
Drivers who are proactive about trying to save money are now in luck. A product called telematics car insurance is making it possible to save money with the use of dynamic, progressive equipment which is installed in the insured car.
The small device which is mounted in the insured car is called a POD or personal optimisation device. The POD is responsible for several jobs as it rides on-board in the insured car. It monitors driving habits like speeding, braking and cornering. Along with these three habits the POD also notes the time of day or night the car is being driven. The monitoring allows the insurer to determine how safely a driver is handling the car.
When the driver is viewed as a safe handler of the car, they are eligible to receive rewards from the insurer in the form of discounts applied to future monthly car insurance costs.
