You Only Need One Device to Save a Ton on Car Insurance This Year

A lot of people make plenty of personal finance goals for the New Year, and saving money is obviously pretty high on that list. But what if you really wanted to save money without having to think about it all of the time? Generally peaking, most of the personal finance tips given require active vigilance over your budget. This means that you constantly have to monitor what’s coming in and what’s going out. This is good practice for sure, but it can get in the way when you have other things that you want to do. It’s no secret that you probably want to be able to rest and catch up on the things that matter most to you rather than getting sucked into yet another adventure to save money.

So why not focus on something that’s easy to trim down, like car insurance?

The Service You Can’t Live Without (Literally!)

Car insurance is required to be on the road. Without proper automobile cover, you’re looking at heavy fines, the loss of your license, and other penalties. If you hit someone while driving without appropriate cover, the penalties become even higher. If there are any injuries as a result of hitting the other car, then you are going to be in serious trouble. Driving without cover isn’t wise, but most people aren’t going to risk that anyway.

Many people don’t realize that they can save plenty of quid on cover if they would look at the insurance company directly. Many insurers offer telemetric devices that automatically track your driving habits. The longstanding complaint of the insurance industry for consumers has always been that consumers have to pay for the bad behavior of other drivers. Telemetric devices cut down on this immensely, because the device is recording your driving habits. So you won’t be able to say that you have to be stuck with everyone else’s mistakes. The device only cares about what your car does. This means that the days of being charged for a lot of driving time on the road when you barely take the car out of the driveway could be well behind you.

These devices install fairly cleanly; if you don’t want to use it forever, you can opt out of the program at any time. But most drivers have discovered they save a lot of money. The insurance company can now track your driving habits and separate it out from risk models. So even if you live in a high traffic area, you can get points for how well you drive in spite of what you have to deal with on the road.

This means that the camera is completely on you, of course. You’re the star of the show and you have to make sure that you plan accordingly. Be sure that you don’t leave the insurance agency with a reason not to give you the best rates. So if you have a tendency to be a little heavy on the gas pedal, then you need to watch that. Likewise if you tend to cut people off. Remember that we’re talking about a very sophisticated device, and it will pick up the little things that you do.

We’re not telling you that you should fear this, of course. It’s all about how you drive and how you handle yourself on the road. For most people, the telemetric device will save them a lot of money. For other people, they may be better off ignoring the device suite and just trying to negotiate with the company directly base don other factors. Remember that your safety record still speaks loudly. If you’ve never been in an accident, that definitely helps lower your risk.