Telematics cuts new driver crashes
Forty per cent of new driver crashes involving 17 to 25 year-olds could be avoided through mass market adoption of black box or telematics insurance, according to a report published by young driver insurer ingenie
Bodyshopmag.com reports that this amounts to the prevention of 28,749 crashes on UK roads each year.
The ingenie report also presents telematics data gathered over 200,000,000 miles to paint a clear picture of how, when and where young people drive; the risk they pose to themselves and other road users; and their receptiveness to behaviour change.
• Road crashes are still the biggest accidental killer of young people
• Young drivers are involved in 20% of ‘killed and seriously injured’ crashes
• Five 17 to 24-year-olds lose their lives on British roads every week
Based on this evidence, ingenie has joined forces with its insurance partner Ageas UK to call for an Insurance Premium Tax (IPT) exemption on telematics policies taken out by young drivers. This would allow insurers to reduce premiums and stimulate demand while the market matures.