Insurers to ‘bid’ for the best drivers based on telematics scores

Drivers will be offered premiums based on their driving score under new plans which will allow them to share their record with new insurers. The system will allow insurers to “bid” for customers based on how well they drive.

Currently customers receive discounts from their insurer for installing a “black box”, a monitoring device in their car which tracks their speed and skill at driving.

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Amp my ride | The Economist

“THE car is the ultimate mobile device,” said Jeff Williams, an executive at Apple, last year. It was taken as another sign that the maker of iGadgets would be deepening its interest in the automotive sector.
Now Samsung Electronics, its big rival in the smartphone world, is following. On November 14th the South Korean company said it would pay $8bn for Harman.

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