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Car insurance and Telematic

Certain car insurance premium are funding carbon offsetting . The way it works is when you apply or insurance the underwriter assesses the amount CO2 which is being discharged from your car. What affects the rate is

  1. the amount of miles driven
  2. size of car
  3. size of engine

How it works is that part of your insurance premium is transferred to charities which are concerned with the environment .

Telematic

A telematic product is being developed whereby drivers are encouraged to drive in a more green friendly way . The data from this global positioning device will show data about your driving such as the rate at which you accelerate , brake and also analyses the best routes for you to take on your journey ,this device will be installed for free . It is for the purpose of those drivers who are concerned about the environment .

This also allow insurance companies to assess the premium for the driver as it can analyze their driving habits to assess the likelihood of them having an accident .

Furthermore should you have a telematic installed in your car then the fact that it is there will make you more conscious and hence drive more carefully to keep you car insurance premiums at an affordable rate .