Technology has allowed insurance companies to monitor their policyholders more closely than ever before. Many insurance companies offer their customers the opportunity to install an insurance telematics device in their vehicles. These devices help measure specific driving patterns that the insurance company can utilize when setting premiums and determining coverage limits.
You should take advantage of the benefits these devices can provide if your insurance company offers access to a telematics device.
1. A telematics device won't be noticed.
You might worry that installing a telematics device in your vehicle will alter the aesthetic of your vehicle or serve as an eyesore within the cab of your vehicle. Most telematics devices are actually very small, fitting easily into the palm of your hand.
An installer will plug the device into your vehicle's onboard diagnostic port. This port is usually located on the underside of the steering column. When installed properly, an insurance telematics device will be virtually unnoticed by you or your passengers.
2. A telematics device can improve your driving.
Once the telematics device provided by your insurance company has been installed, you can access the data collected by the device by logging into your insurer's website. Reviewing this data will make you more aware of your current driving patterns.
If you notice that you are making a lot of hard stops or accelerating quickly several times throughout the day, you can take action to correct these bad driving habits. A telematics device can make you a better driver by allowing you to identify the driving tasks you need to pay more attention to as you travel throughout your day.
3. A telematics device can lower your premiums.
Insurance companies know that safe drivers are less likely to be involved in an accident. Prior to the availability of telematics devices, insurance companies had no way of knowing which drivers were safe behind the wheel, and which were not.
The data collected by a telematics device lets insurance companies know whether or not you follow speed limits, if you frequently drive late at night, and how many miles you actually drive your vehicle in the course of an average day.
This information can be used by your insurance company to create a specialize policy that will maximize your coverage while reducing your monthly premiums. You will be able to take advantage of all available discounts to keep your auto insurance costs low.