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Wednesday 8 February 2012
TomTom Fair Pay Insurance to reward good drivers
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So, rather than being judged by your policy provider based on your gender, age, profession, hair colour and whatever else they think may affect your driving, you can select to be judged by your driving behaviour and habits.
The info is collected, and displayed to you, via a specially-developed TomTom PRO 3100 satnav - a device that will also give you warnings about traffic and tell you off if you corner too harshly or break to sharply.
"We've dispensed with generalisations and said to our customers, if you believe you're a good driver, we'll believe you and we'll even give you the benefit up front," said Nigel Lombard, MD of Fair Pay Insurance.
"This is unlike some other telematics-based schemes where you may have to prove your ability over a number of months. So if you think of your insurance as your car's MPG - the better you drive, the longer your fuel will last. It's the same with Fair Pay Insurance, good drivers get more for their money and in that sense they will pay ultimately less."
This post was written by: Irfan Jam
Irfan Jam is a professional blogger, web designer and front end web developer. Follow him on Facebook
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