Tom Tom and Motaquote have launched a new type of insurance that rewards ‘good' drivers with lower premiums. The scheme, called Fair Pay, uses a customised Tom Tom Pro 3100 to collect information about how someone is driving, including harsh cornering and sharp breaking.

Policy could benefit good drivers who install performance tracking device The AA is to launch an insurance policy which uses black box technology to track driver performance – potentially lowering premiums for hundreds of thousands of young and inexperienced drivers. The AA Drivesafe policy will require the installation of a black box in the driver's car which will use satellite technology to ...

Are you in good hands? Better yet, is your car? GPS manufacturer TomTom is ready to give a judgment on how good of a driver you are. The company has partnered up with insurance broker Motaquote to give drivers individualized quotes based on their specific driving habits. For the insurance industry, it’s like an underwriting [...]