New way to reduce the cost of insurance

A certain number of young people passing their driving test are not able to carry on driving once getting their licence due to spiralling insurance costs. I've heard of some getting £3000 quotes on cars worth in the region of £500! It's no wonder that many can't afford to continue driving after passing the test. This can only be a negative as drivers are not able to further their driving skills and gain more valuable road experience. In fact in many cases young drivers are actually losing certain driving skills due to extended gaps in practice and are then forced into taking refresher lessons once in a position to start driving again.

One way a young driver can look to lessen the cost of insurance is to have a 'black box' fitted to their car. This box monitors driver behavior such as braking and acceleration, cornering, general speed and whether they drive during the day or at night. Good driving will be rewarded with discounts and lower premiums and this can dramatically reduce the cost of insurance. Be aware though that driving without due care and at times that are not agreed can result in fines and increased premiums, so it works both ways. You can read a bit more about this tecnology here.