App to Help Cut Car Insurance for Young Drivers
A brand new smartphone app could soon be available which may just end up reducing the cost of car insurance for younger drivers. It is hoped that the new app will be able to cut down on the number of car accidents by attempting to change the 'boy racer' road behaviour of male drivers who are between the ages of 18 and 24, which is a notoriously high-risk category.
Any improvement in road safety that did eventuate because of the app would benefit all drivers by allowing access to less expensive insurance, particularly for young drivers.
The app, which is being developed by four students from the Sligo Institute of Technology in Ireland, just recently beat other entrants to win a design award from Microsoft with its creators hoping to find commercial partners.
The general idea of the app is to make safe driving fun. Its creation is based on the telematics technology, which is becoming an increasingly prominent force in the car insurance industry. A device that is plugged into the onboard computer system of a vehicle relays driving information via the mobile phone network in real time. This information is then analysed by software that uses GPS data that is linked to road maps. These are coded by known driving risks, including the likes of narrow roads, sharp corners and other accident black spots, with other data such as speed, G forces and revs creating a safe driver 'score'. Drivers will be able to compete against each other for rewards and prizes.
Author - Michael Barclay
published: 14/11/2011 14:00:01