Ingenie a telematics company have designed a black box which can record driving information. Insurers are interested in the devise to help match car insurance premiums with a drivers driving skill.
Gary Lineker has invested in the company as he understands the brand and the reason behind it, he is keen that young drivers improve their driving behaviour and sees the reduction in their insurance a key way to entice this. It is aimed mainly at 17-25 year olds as drivers in this age bracket are normally hit hardest with high insurance.
Policyholders will be insured initially and the black box will be fitted free of charge. After three months, the information will be analysed and insurance companies can adjust the insurance premium to match their driving. The only payment involved for the driver is to have the box removed.
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