Autoline Launch Revolutionary Scheme to Reduce Car Insurance Premiums
Local insurance broker, Autoline Insurance Group this week unveiled an exciting, new downloadable Android smartphone app which will monitor driving patterns and charge insurance premiums accordingly.
The sophisticated technology provided by MyDrive Solutions will, for the first time, enable drivers to choose an insurance product which will charge premiums based on how they drive rather than postcode, gender and local claim levels. This product is aimed primarily at the young driver market but available to all motorists and could reduce premiums by up to 50%.
Michael Blaney, Managing Director of Autoline Insurance Group explained to Newry Times, “We are an insurance broker so it is our job to try to get the best deal for our customers. We looked at a black box system to monitor driving last year but the cost of installation outweighed the benefits.
“Working with insurance telematics specialist MyDrive Solutions, this new software has been developed for an android phone as research shows this is the type of phone most young people can afford. The technology should be ready later in the summer for Blackberry devices and soon after for iPhone. This is a voluntary option with immediate savings of up to 40% on current premiums and potential for up to 50% with a good driving score.”
University studies are currently being carried out into linkages between behavioural traits and driving habits. In the future this data could be used to enhance this study.
This product has been designed to preclude misuse of the system but it does allow for the fact that small pockets of Northern Ireland are not covered by GSM mobile phone network.
Further information about the Telematics scheme from Autoline is available by downloading the factsheet from www.autoline.co.uk or by contacting Autoline Insurance Group.
Short URL: https://newrytimes.com/?p=17214
Posted by Newry Times News
on Jun 20 2012. Filed under Business.
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