British drivers have welcomed the idea of technology allowing insurers to set premium rates based on the way they drive -- and they expect that idea to become reality.
In a survey by Go Compare, only a minority of drivers said age and gender should be the basis of premiums. Meanwhile 60% said the time and location of their driving should affect rates, while a whopping 92% believed the way that they drove should influence premiums.
Such changes are possible thanks to a growing number of "telematics" schemes that allow drivers to qualify for discounts by fitting a recording device that tracks when and where they drive, plus factors such as whether they break speed limits or accelerate or brake dangerously sharply.
The survey also found 60% of drivers expect their own policy's premiums will be fully or partially based on driving behaviour within five years.
Surprisingly most of those who currently use such schemes are aged between 25 and 54. That's despite the fact that young drivers could potentially have the most to gain by proving they don't live up to stereotypes.
