Drivers can cut cost of insurance by 30pc with new safety app
Careful motorists rewarded with lower premiums
CAREFUL drivers can get discounts of up to 30pc on their car insurance under a new scheme where they download a mobile phone app to prove they do not take risks on the road.
The scheme will be available to all drivers from No-Nonsense Insurance, part of the FBD group. It is the first smart phone app of its type in the market, according to the company.
The TopDriver app was put together using a panel of expert drivers to define what a good driver is and the driver is then measured against criteria set by the panel.
Users switch on the app on their mobile phone before each journey, which measures how quickly drivers speed up when taking off from traffic lights.
After the journey advice is offered on how well or badly the driver performed.
Free to download, those who use it can save up to 15pc when they buy insurance.
Another 15pc can be saved by installing a plug-in device in the car to complement the mobile phone app, which confirms their driving behaviour.
No-Nonsense director Jackie McMahon said she expects one in three drivers who use the new app to get cheaper motor insurance from the move.
She added: "This new and innovative technology is set to transform the way in which car insurance premiums are determined and works on the basis of rewarding good drivers for their behaviour on the roads."
Known as telematics technology, devices for measuring how good or bad drivers are have been growing in popularity in the UK and mainland Europe where telematics has been credited with reducing accidents and premiums.
Telematics monitors driving behaviour such as braking and acceleration, cornering and speed, and what time of the day the car is driven.
The new devices could be a godsend for younger female drivers who have seen their premiums surge by up to €300 a year after new EU rules brought in last December banned insurers from pricing policies on the basis of someone's sex.
This has meant the cost of young women's premiums has gone up to the same level as those of more crash-prone young men. Car insurance rates linked to satellite technology monitoring led to a 20pc fall in crashes involving young drivers in Britain.