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TomTom Satnavs To Set Insurance Prices
nk497 writes "TomTom has signed a deal with an insurance firm that will see its satnavs used to monitor drivers. Fair Pay Insurance, part of Motaquote, will use monitoring systems built into the TomTom PRO 3100 to watch for sharp braking and badly managed turns, rewarding 'good' drivers with lower premiums and warning less skilled motorists when they aren't driving as they should. 'We've dispensed with generalization's and said to our customers, if you believe you're a good driver, we'll believe you and we'll even give you the benefit up front,' said Nigel Lombard of Fair Pay Insurance."
For all those of us who keep saying that this sort of technology will be abused, and all the folks that keep saying it won't - I guess it is our turn to say "I told you so."
My prediction, sales of this SatNav will plummet if people know that they will be monitored constantly.
Moved to http://soylentnews.org/. You are invited to join us too!
And not to mention _speeding_! The Nav knows what's the speed limit at your location an instead of beeping when you overdo it, it will raise your premium each time, perhaps even rat you out to the cops.
All privacy questions aside, are sat nav devices reliable enough for this purpose?
I purchased a TomTom device new within the last year. On complex intersections - and sometimes just on parallel roads - it can "snap" the car back and forth between pieces of roadway on the display. Sometimes it seems to think you're starting a turn you're not actually making and then eventually snaps the car back onto the correct road later. When exiting a parking lot it sometimes isn't certain about which direction you're really moving in until you've drove a little. It has also tried to direct me down a variety of local roads that don't actually exist. I imagine at least some of these issues are somewhat common among sat navs, and this is only part of my anecdotal experience with one device.
The point is, when these things become a significant input into insurance rates, who can actually inspect them and certify them for such purposes?
I'm calling bullshit on your police stats, if you even care to provide them. The complete removal of speed limits has no effect on accident rates.
The big problem motor insurers have always had is properly assigning risk - it's pretty obvious an 18yo male is more dangerous than a middle aged woman, but that's a statistic, not a cause. If you could find out what made the 18yo dangerous, you could charge for that instead and have fairer premiums for the rest of us.
[FUCK BETA]
Whether or not frequent sharp braking correlates to bad driving is irrelevant. All that matters is whether or not it correlates to a higher accident rate.
If the driver is bad, they'll brake sharply often. But even if the driver is good, if they are regularly surrounded by bad drivers, they'll probably brake sharply often. And guess what? In both cases they're more likely to be involved in an accident.
Perfectly predictable auto insurance would mean it would cost really bad drivers too much to be able to afford to drive -- and that'd be a good thing, eliminating that risk from the road entirely.
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Jon, I've got a great deal of respect for your /. persona. You seem always reasonable even when I don't agree with you, and you've swayed me often. But here I think you've missed the general thrust. We're on a very subtle topic. The issue isn't "Insurance good/bad" or something that gross. It's about whether the pursuit of use of intelligence to understand the risks of a particular customer of insurance is a good thing, and the limits of that pursuit. That's a cloudy issue you seldom weigh in on, but I'm interested in your input if you will engage the question.
Help stamp out iliturcy.