Is Black Box Technology The Future For Reducing Car Accident Insurance Claims

As is often the case with successful electronic devices, it's difficult to pin down exactly who invented the so called 'Back box'. A good idea is a good idea and, as other scientists and engineers start picking up and developing that concept, it becomes difficult to trace it back to its precise point of origin. Some of the earliest renditions of the Black box can be traced back to the late 1930s and was further developed in the decades to come. The small units were originally placed in aeroplanes in order to track various telemetry data sets and assist with the investigation in the event an accident. Some 75 years later, and we are now starting to use Black box technology in cars in a bid to keep down road traffic accidents and subsequent car insurance and compensation claims.

Many thousands of young drivers across the world are now being issued with Black box recorders as part of their insurance packages to allow them to lower insurance premiums. As the effectiveness of telemetry technology is being tracked, it's becoming apparent that the knowledge of having a Black box on board is causing young people to drive more conscientiously than if it wasn't there. Insurance claims are estimated to be 30% lower if a driver has a Black box installed in his or her vehicle. This statistic was demonstrated by analysing 10,000 insurance claims which were made by young drivers on the Co-operative Insurance label. As shown in the AA British Insurance Premium Index, the average cost of car insurance for someone from the UK and between the ages of...