Site Map You are here: Home > Motorbike news > May 08 > Insurance industry 'helped by new technology'
Insurance industry 'helped by new technology'
Insurance will be worked out using new technology in the future, according to an industry body.
According to the Association of British Insurers (ABI), the sector will begin to use technology such as the black box system recently trialled by officials in Staffordshire.
This involves monitoring the movements of drivers in order to assess their prowess on the road.
Malcom Tarling, speaking on behalf of the ABI, has commented that the method will be beneficial to those who behave responsibly on the roads.
Motorbike Insurance - Get a quote now!
However, drivers who do not adhere to highways rules could find that their car or motorbike insurance policies increase greatly in price.
"Insurers will certainly use advances in technology and the goal that they are always trying to achieve is to ensure that the price that they charge for insurance reflects the actual risk," said the official.
This comes as research from MoneyExpert.com has found that the price of car insurance in the UK has risen in the past 12 months.
According to the group, picking up cover for a vehicle costs six per cent more today than it did one year ago.
Related articles
Drivers in Merseyside caught in mobile crackdown
Credit crunch 'defied by smart drivers'
Young drivers 'should take a year before attaining licence'
Bookmark with:
What are bookmarks?
Motorbike News
24/07/08 - Harley-Davidson reveals 2009 Tri Glide. Harley-Davidson has unveiled the Tri Glide - a three-wheeled version of its Ultra Classic tourer - as part of its 2009 line.
24/07/08 - Save time and money with a motorbike. Motorbike riders could spend less on their bills and less time travelling than their four-wheeled counterparts, the findings of a new study suggest.
23/07/08 - Over 300 attend annual bike show. Over 300 motorbike enthusiasts attended an annual bike show held by the 4Fs motorcycle club in Suffolk.
