Doug Vining Watching how you drive - for insurance

In South Africa, Discovery Insure has launched a car insurance plan with a twist. For safer driving, and to earn rewards, you can let the insurance company track your driving habits. As well as acting as a theft preventer, the tracking device monitors how fast you accelerate, brake and corner, among other things.

Presumably, in the case of an accident, they can tell exactly how fast you were going. I wonder if this will get huge adoption for reduced premiums, or whether people will see it as an invasion of privacy, not worth the reward? Imagine if your car was set up to Tweet: "I'm going too fast," when you broke the speed limit.
A FuturesForum post (titled: "Watching how you drive - for insurance") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 20 May 2011 at 14:13

Wolfgang Grulke Watching how you drive - for insurance

A similar offering is available from the Co-Operative insurance company in the UK to encourage young drivers to reduce their premiums - using SmartBox technology.
Posted: 22 May 2011 at 09:28

Doug Vining Your profile says it all

It's better than a background check - after all, it's all about you, by you and your friends.

What better source could credit and insurance companies ask for!

If the Germans had read this MindBullet, they wouldn't be surprised. We said it was a likely scenario...
A FuturesForum post (titled: "Your profile says it all") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 21 June 2012 at 15:43
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