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 instance, if you get too many speeding tickets most insurance companies will raise your rates. But I have always been of the mind that people speeding are paying WAY more attention to the road than the average driver, and in the end probably are not as likely to get in an accident. Well, with these devices, now we would know...
I'd put heavy cash down on the outcome being you're a fucking idiot.