Tesco Bank Fitting Black Boxes to Help Customers Save on Car Insurance

Tesco Bank is a subsidiary of the UK-based supermarket Tesco, and they recently announced a new initiative that could help customers save on their car insurance. The initiative is to fit customers cars with black boxes, which will monitor the drivers’ behaviour and reward them for driving safely. This could help customers save money on their car insurance premiums, as long as they drive safely.

The black boxes are fitted into cars and then monitor the drivers’ speed, acceleration and braking. This data is then used to calculate an individual score for each driver, which is used to determine the amount of money they can save on their car insurance. The better the score, the bigger the discount. Drivers can also be rewarded with additional discounts if they drive safely over a period of time.

The black boxes come in two different sizes, depending on the type of car the customer owns. They are easy to install and don’t require any maintenance, so customers don’t have to worry about them breaking down or needing to be replaced. The black boxes are also completely secure, so customers don’t have to worry about their data being accessed by third parties.

Benefits of Black Box Fitting

The main benefit of the black boxes is that they help customers save money on their car insurance. However, there are also other benefits that come with the fitting of the black boxes. For example, the black boxes can help drivers identify any bad driving habits they may have, such as excessive speeding or braking. This can help drivers become better drivers, which can help them save even more money on their insurance.

The black boxes can also help reduce the number of accidents on the road, as drivers become more aware of their driving habits. This can help make roads safer for other drivers, as well as reducing the number of insurance claims that are made. The black boxes also help to provide Tesco Bank with valuable data, which they can use to improve their services and products.

Conclusion

Tesco Bank’s initiative to fit black boxes to customers’ cars is a great way to help customers save money on their car insurance. The black boxes help to monitor drivers’ behaviour and reward them for driving safely, which can lead to significant discounts on their insurance premiums. Additionally, the black boxes can help drivers become better drivers, and reduce the number of accidents on the road, which can help make roads safer for everyone.