13 September 2006  Brits choose higher car insurance over surveillance
Research has been published suggesting that drivers would not install a black-box that monitors their driving habits - even though it could save them up to 30 per cent on their car insurance.

A further 27 per cent of those surveyed by moneysupermarket.com stated that they would never install such a device in their car, irrespective of potential car insurance savings.

Event data recorders (EDRs) are installed in a vehicle and can monitor both the times the car is being driven and its speed.

Richard Mason, director of insurance at moneysupermarket.com, said: "It is highly likely that black-box technology and pay-as-you-drive policies will reduce insurance costs for safe drivers as premiums will not be artificially inflated to cover others' bad driving.

"However, it seems that drivers are still reticent over this new technology, illustrating a need for insurance companies to educate British drivers."

A number of insurers are making use of EDRs to offer drivers special deals on their car insurance, usually based around the time and frequency of car usage, with younger drivers being offered cheaper premiums to avoid driving late at night.

© Adfero Ltd

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