The use of telematics in insurance describes the integration of wireless communications, vehicle monitoring systems and location-based devices that can be used to capture data on driving habits. Insurers can use this information to price insurance policies based on real information, rather than assumptions they make about drivers based on information given in the quote process. This type of insurance is often better known as Pay As You Go and according to Tiger.co.uk, a popular motor insurance comparison site; it is growing rapidly in popularity. 2010 saw an average increase of almost 40%* in the cost of car insurance...
