Living Greener with a GPS
In a nice happy spin on things, one UK based insurance company is asking people to sign up for a policy that includes the installation of a GPS black box on your car. The unit will report back to the insurance company and they will send you regular updates to help you drive more efficiently, letting you know how many short trip you have taken, if you are speeding, and if you can save money by driving differently..... Somewhere in the fine print there has to be some kind of risk assessment as a result of knowing your exact driving habits. Will that translate into higher insurance premiums? That's where the whole thing falls apart for me. Anyway, they estimate for this little waiver of your driving habit secrecy they can save you £120 per year in gas costs.
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Posted by Scott Martin at May 4, 2007 8:48 AM
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