Welsh-based insurer Admiral has launched a telematics van policy to ‘drive down’ costs for customers and reduce the number of vans that are stolen every year and not recovered.
Admiral is first major insurer to introduce telematics for van drivers with the launch of Littlebox for Van.
It aims to meet the growing demand for ‘black box’ insurance policies and help to dispel the myths about ‘white van drivers’.
Last year just 1% of all Admiral van related claims involved the vehicle changing lanes into another driver.
Around 7% were for vans crashing into parked vehicles and 8% involved vans hitting the rear of another motorist.
| Telematics policies allow drivers to influence their own premium by rewarding good driving behaviour throughout the year and at renewal.
The small telematics device is fitted by a professional engineer behind the van’s dashboard to monitor how the vehicle is driven. |
Gunnar Peters, Admiral’s Head of Telematics, said, “In the past, van drivers had a bad reputation for their driving behaviour, but our data shows that a very small number are actually involved in accidents compared to all vehicles on the road. Littlebox for Van will help us dispel this myth even further, and make van insurance more affordable for drivers of all ages.” |
This includes the location, speed of the vehicle, braking and miles covered – something to consider for van drivers who spend a lot of time out on the road every day.
A driving score is then calculated for the customer, which determines the discount they can get on their insurance premium at renewal.
Admiral’s Littlebox device also includes a built-in theft tracker to help Admiral locate any stolen vehicles.
Telematics are particularly popular with younger, less experienced drivers looking for ways to reduce their insurance costs but they can help any good driver get cheaper insurance.
