Good Driver? Here’s How You Can Save on Your Insurance Bill
Getting insurance as a young driver, let’s say it, sucks. It’s wildly expensive. That’s because young drivers are more likely to get into accidents than seasoned drivers.
In fact, young drivers constituted 13.6% of the population in 2010, but made up almost 33.4% of the impairment-related traffic deaths. Ontario drivers also pay the highest insurance rates in the country. Stats are stats.
But that’s not the case for all young drivers.
ingenie’s Smartbox, which is now coming to Canada after massive success in the UK, rewards good drivers by helping them save cash on their insurance bills. Big time! But there are a few misunderstandings about how this technology works.
What’s a Smartbox anyway?
A Smartbox is a small (smaller than your cell phone, I bet) gadget that you install in your car. It gathers data on how you drive—your speed, acceleration, braking and cornering. Nothing is collected about the colour of your pyjamas or state of your bed head while driving.
So, what exactly does ingenie do with the data?
The Smartbox data lets ingenie review how you drive over each feedback period (10 days or so), so they can work out your driving score out of 100 and your Good Driving Discount. They use more than 200 algorithms to build up the real picture of your individual driving style, so your insurance costs reflect how you actually drive—not how statistics say you might drive.
You’ll see your driving score and how much you’re on track to save in your account, which you can access through the ingenie app or online.
And how much could I save?
It starts with a 10% saving on your insurance quote, which is a kind of reward for being smart enough to want to drive well. Then it skyrockets up to a possible 25% Good Driving Discount, which you get three times over the year if you drive well. Awesomesauce.
So, how do I get it?
With ingenie you can get a quote online, check how much you could save if you drive well, then pay online too. That flexibility—along with access to your driving feedback and savings through the app—makes ingenie the first fully digital broker, from quote to payment to discounts.
And what’s this Free Ride business?
ingenie is currently sponsoring our latest contest, Free Ride, and it’s a doozy. Here’s your chance to win a 2015 Nissan Micra along with $7,500 to help cover costs like fuel, maintenance, insurance and a sweet pair of leather driving gloves.