You know what I hate? The fact that good drivers can pay as much for their car insurance as bad ones. It can seem very unfair. That's why here at Cuvva, we've invented Smart Pricing - a way for good drivers to save up to a third on their car insurance bill, with prices based on your own driving, not an average. We're making car insurance fairer, because we believe everyone should have affordable access to a car, anytime, anywhere. First though, some background on black box insurance and telemati
cs in general. What is traditional black box insurance? A black box is a physical piece of hardware, sometimes called a telematics device, that is installed in your car. It follows how you drive to see how safe you're being on the road. Insurers reward safer drivers with cheaper car insurance premiums. They're often popular with younger drivers looking to lower their pricey insurance bill. But unfortunately, they do sometimes come with a lot of restrictions and unexpected costs. Here's a few of
the most annoying things
about black boxes. You sometimes need an engineer to set them up, which can come with a fee. Some insurers penalise drivers if they drive too much, or late at night. Removing the black boxes can cost money. The Co-op, for example, charges £90 as of November 2022! There can be a lot of other hidden fees, too. For example, if you miss a fitting appointment. Some black box providers now use a 'plug-and-drive' device which plugs straight into your car's lighter socket. Thes
e usually don't require an engineer to install them - which is a little better, but they do sometimes still come with restrictions. Now, let's talk about how Cuvva's Smart Pricing works. Unlike traditional black boxes, you only need your phone for Smart Pricing. Once you sign up to Cuvva's monthly car insurance subscription and opt into Smart Pricing, your phone starts to learn about your driving based on five key aspects: Speed: how fast you drive and whether you stay in the speed limit. Breaki
ng: how quickly you stop and if you give yourself enough time to slow down safely. Cornering: how smoothly you turn and whether you give other drivers enough indication. Focus: whether or not you use your phone while you're driving. Accelerating: how quickly smoothly you set off. Smart Pricing pulls all this together and gives you a driving score out of 100. The better your score, the better your price. Good drivers can save up to a third of their bill, but everyone gets 10% off just for signing
up. Even better, there are no joining fees and deposits and you can leave for free at any time. We think this is much fairer, because it means you're getting a price based on your driving, not an average. The better you drive, the more your score increases and the more your premium can go down. Find out more by following the link in the caption!
Comments