Telematics tariffs: This way, drivers can save on insurance - but also take risks

Telematics tariffs: This way, drivers can save on insurance - but also take risks

According to a report by www.wa.de, the introduction of telematics tariffs in motor vehicle insurance has led to a number of changes. While drivers, especially new drivers, can save money through their individual driving style, the technology also poses hidden risks in terms of data protection and potentially increasing costs.

The telematics technology measures driving behavior based on various criteria such as acceleration, braking behavior, speed, cornering, cell phone use, driving at night and the roads chosen. Based on this data, drivers can receive discounts on their insurance premiums. However, there are big differences in the weighting of the measurement depending on the insurance company. While novice drivers can benefit from their careful driving behavior, telematics technology may not be worth it for experienced, accident-free drivers.

The introduction of telematics tariffs has also raised questions about data protection, as sensitive data such as driving routes and times are exposed. In addition, additional costs may arise for the installation of telematics technology, which could lead to a possible financial burden for drivers.

Overall, it shows that the introduction of telematics tariffs for motor vehicle insurance has far-reaching effects on the market and consumers. It is important that drivers carefully review the terms and conditions of the contract and find out about possible costs and how their data will be handled in order to avoid unexpected financial burdens.