Posted on October 26, 2015
Young Drivers and the Telematics Device

Let’s face it: young drivers aren’t always the best drivers. Even if they have the best intentions, it only takes one mistake to cause an accident.

Regardless of age, some people have better driving habits than others. They understand what it takes to remain safe at all times. Not only does this allow them to avoid accidents, but it can work in their favor in regards to their auto insurance premium.

Technology Comes Alive

Go back in time 20 years and the only way for insurance companies to track drive safety was to monitor their history. When was the last time the person was involved in an accident? When was the last time he or she received a moving violation?

In today’s day and age, technology is changing the insurance industry for the better. This holds true both for insurance companies and policyholders.

With a telematics device, insurance companies can track the behavior of the driver. Getting started is as simple as plugging a basic device into your vehicle’s OBD (On Board Diagnostic) port. 

Once this is done and your account is setup, your driving habits are communicated directly to your insurance provider. This includes data such as when you drive, braking, acceleration, and much more. 

Benefits for Young Drivers and Parents

As a young driver or parent, you know one thing to be true: insurance rates can be quite high. The reason is simple: younger drivers are higher risk due to inexperience and questionable decision-making. 

With a telematics device plugged in, all of this can change. Many consider the ability to save on the cost of insurance as the top benefit. With this device, since the insurance company can monitor habits and activity, a premium savings of up to 25 percent is possible.

Are there any other benefits? Consider the following:

  • Access to your driving profile. Intact Insurance, for example, provides a personalized website with information on driving behavior. Drivers can use this to improve safety and save money. Parents can use it to make sure their child is acting responsibly behind the wheel.

Conclusion

Young drivers don’t always understand just how dangerous it is to operate a motor vehicle. With the help of technology, such as a telematics device, drivers and their parents can benefit in a number of ways. 

What are your thoughts on this technology? Is it something that could benefit you and/or another driver on your policy? 

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