Pay As You Go Insurance

[Zak33]

Today, Norwich Union have started an 18 month trial into Pay Per Mile Insurance.

They install a small box, like a sat nav box, but that simply uses Mobile Phone Cells, to tell where and when you drive and how far you travel, so they can vary your Insurance Accordingly.

A representative on Radio 4 today said that "speed was not monitored" simply driving distance and time or day and location.

Blimey.....I'm not sure about that, are you? I guess is you do low miles, late at night as a Security Guard or a Shoft Worker, you probably ARE low risk. But to know when and where you are driving is a bit......perosnal.

Its voluntary for the trial and might be a failure, but they seem dead keen.

[Grey M@a]

despite the fact that its tracking you, no thanks, and what else is that little box collecting that you don't know about. Its a shame really as it still wont make norwich union any cheaper, they are the highest quoters of all I have tried, They quoted me £3750 for my insurance whereas the same car same details is costing me £710 with choice direct. Muppets the lot of em at Norwich.

[DR]

It iis down to who you are and what you do Grey - NU are cheap for a lot of people

[Shad]

Originally Posted by David

It iis down to who you are and what you do Grey - NU are cheap for a lot of people

Absolutely, they're cheapest by a mile for me.

[IainB]

Hmm Big Brother is watching......
Not a fan of this at all, how long before everyones forced into it, then speed monitoring..... speed limiters...... real time tracking

[Grey M@a]

well I will give you my details and then you will see its way to high, when i got the insurance I told them these details:

22 yrs old
1.2 16v 2004 clio
0ncb (my first own car, previously driving around on others cars for 4 years)
Parked in a garage
No claims or accidents to date
Clean License
No Moddifications done to the car

NU Quote: £3750

Same details to choice direct: £710

Big difference they also quote my mother whos been driving 24 years with full protected ncb with a 8v clio and they quoted her £1290 little high dont you think, she went to hill house hammond their quote £105

NU are doing their maths wrong all over the place.

[Devilbod]

I suppose it would be a good idea but whats to stop less honest people disconnecting it?

[TiG]

Well speed may not be monitored as the mobile phone network cells are not accurate enough to give a reading, which will likely mean that they are using o2, (don't ask how i know that - its classified heh) but any speed they calculate is unlikely to be accurate. I'd be very suprised to see this take off without a proper solution, BY which i mean full GPS unit that monitors all movement.

I'd be happy to have a unit in my car if it gave me significantly lower insurance.

I think its a great idea any plans to make insurance market change and to improve and innovate is great by me

TiG

[Rob]

The NU blokey who's just been on the news was saying that it can track speed. And that if the police required ANY info regarding any investigation they might be making, then NU would have to pass it over. As they do now.

Sorry, this aint for me. I'll stick with my nice big premiums

[XTR]

i think id rather stick with the old.... this sounds crap from what ive read in this thread.......... although i may be convinced its for the better after ive read more info on it.......

[Rave]

Originally Posted by Rob

The NU blokey who's just been on the news was saying that it can track speed. And that if the police required ANY info regarding any investigation they might be making, then NU would have to pass it over. As they do now.

They'd presumably need a warrant?

Anyway, I only do about 3-4000 miles a year, so this would probably save me a bit- if it wasn't NU, that is. Their quotes to me have always been so high I don't even bother phoning them any more.

Rich :¬)

[Rob]

Just confirmed on news. Your charges will be assessed on where, when and HOW you drive. Me deffo out then

[Devilbod]

i.e. you sign up to it thinking you might save a little money because your a safe driver only to find out that if your average speed is over 40mph your considered a 'risk' and you preimium goes through the roof.
Meanwhile mad old man down the road who can hardly see over the streering wheel, crashes at least once a every 6 months for which his reply is "I've been driving on these roads for 50 years!", but drives everywhere at 30mph (only problem is he doesnt stop when he's supposed too...) pays next to nothing.

'Sigh'

I just hope other companies dont follow suit or it doesnt become standard practice.

[Vimeous]

Like the the country-wide congestion charge based upon used and time of day, I'm dead against it.
I thought I lived in a land where my freedom to roam wasn't questioned. The proposed identity cards are bad enough. I am me, I know it, there's no need for anyone else too unless I say so!

[dkmech]

I can see life turning into minority report.

"You, sir, will speed in 2012. We have come to arrest you. Oh, and since you are gonna be in prison now you will try to punch your cellmate, which would escalate to a fight leading to his death. This will be the death penalty for you then. So we are gonna execute you right now, if you don't mind. Does your family have access body disposal facilities? We can recommend a great place, cheap and only round the corner. I hear service there is great, they also do discounts to frequent users. I've already saved £300!"

[Rob]

Originally Posted by Devilbod

"I've been driving on these roads for 50 years!", but drives everywhere at 30mph

"But Sir, this is the M27"