AND NOW: TomTom Tech To Set Driver Insurance Premiums

Put TomTom on your boycott list.

TomTom tech to set driver insurance premiums (PC Pro, Feb. 8, 2012):

TomTom has signed a deal with an insurance company to use its satnav technology to measure driving ability to set premiums.

The satnav specialist said it has teamed up with Motaquote on Fair Pay Insurance – a product that the companies claim rewards ‘good’ drivers with lower premiums, using technology to monitor driver behaviour.

“Our entry into the insurance market with our proven fleet management technology puts us at the forefront of a move that could help to revolutionise the motor insurance industry,” said Thomas Schmidt, managing director of TomTom Business Solutions.

“We offer a navigation, traffic information and telematics which opens up great opportunities for insurance companies to promote greener, safer driving and create a ground breaking portfolio of new insurance products.”

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