ingenie in The Guardian
ingenie CEO Richard King talked savings, safety and the future with a journalist from The Guardian last week and the article came out over the weekend.
“One in five young drivers will crash within the first six months of passing their test, but within our ingenie community we’ve managed to reduce that to one in eight. We’ve seen the number of crashes reduced by 40%.”
ingenie driver Alfie talks about his experience with black box
Alfie Thorn: "In my first year I saved just under £300 through good driving, and saved £700 when I renewed again."
Our lovely featured driver Alfie gave The Guardian a look at how his experience with ingenie insurance has been so far:
"Londoner Alfie Thorn, 18, has been using a telematics black box provided by ingenie for 15 months to reduce his premium and help improve his driving skills. The University of London student, who lives at home and uses his Ford Ka to visit family and friends, has been given feedback by the insurer’s app that he needs to focus on his cornering and braking, especially if he wants to reduce his premiums even further during the course of the year."
"I chose to have a black box in my car as this was the cheapest type of insurance. Price is very important to me as I’m a student - without the black box option I wouldn’t have been able to drive. The next cheapest insurer was around £800 more a year.
“I think it’s good that I am being monitored, as I find myself being conscious about how I am driving – for example, my speed or braking. Also, the fact that I get driving feedback about every 10 days, and my policy reviewed every quarter, means I can easily reflect on areas of my driving that need improvement. Throughout my first year I saved just under £300 through good driving, and saved £700 when I renewed again, which was half the original price of my insurance.”
The future of telematics insurance
Discussing the potential for telematics insurance to tie in with other connected car benefits, Richard gave his predictions for the next few years:
"Within five years, predicts ingenie, insurers won’t just be giving feedback on how someone is driving, they will also be able to see the condition of the vehicle and give warnings to drivers when their car needs a service or if the battery is about to go flat. Insurers will soon be able to collaborate with motoring organisations so that if you break down, they will be able to use GPS tracking to locate you, as well as use the tech to remotely diagnose what has gone wrong."