Insurers to monitor drivers

Car insurance companies are planning to offer young drivers the opportunity to install a surveillance camera in their car, and in exchange receive a discount of 15% on their insurance.

06/08/2012


I recently read a news article on the BBC website about how car insurance companies are planning to offer young drivers the opportunity to install a surveillance camera in their car, and in exchange receive a discount of 15% on their insurance. However, this is not a new idea. So why is this not common practice by insurance companies already?

The use of cameras onboard commercial vehicles in exchange for reduced insurance premiums has been common practice in the U.S. for many years. Traditionally, whether it is a taxi, bus, or train, onboard video surveillance systems have been used to protect passengers, staff and the vehicles against acts of crime and anti-social behavior. However, another key benefit of onboard video surveillance is to monitor the passengers and drivers for legal mitigation or protection. There is a strong case for companies installing onboard video to protect themselves or their drivers against liability cases and frivolous laws suits. This is common practice in the commercial world of commuter buses and road freight, especially in the USA, and is becoming more common in the UK as well.

Mobile video surveillance is also used in fleet management and driver management solutions. These systems can track vehicle location and speed. An accelerometer triggers the video recording when an incident, such as a sharp turn, a crash, sudden acceleration or deceleration happens. The solution is normally set to record for a short period of time before, during and after the event.

The main aim of these solutions is to alter a driver’s behavior, to improve driving style and reduce risk of accidents. Not only does this reduce insurance premiums, but as drivers know they may be being watched, they tend to drive more calmly. This also offers financial benefits such as, increased fuel efficiency and decreased maintenance bills.

So why is it not being used more commonly within the UK? It is surprising that fleet management companies, car insurance campaigners, road safety campaigners, and camera manufactures have not lobbied more rigorously for this.

At a cost of around $388 for the camera, this may put some end-users off. However, compared to the potential reduction on insurance premiums this could offer a significant return on investment for younger drivers.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me