BoxyMo Intelligence Reduces Accidents By 68%
We are delighted to announce that BoxyMo’s telematic technology otherwise known as ‘Black Box’ car insurance has dramatically reduced driving risk factors amongst our young drivers.
Since the launch of BoxyMo and the introduction of telematic technology in 2013, we have accumulated over 455 million kilometres worth of data on Irish roads and monitored the driving behaviour of over 50,000 policy holders.
Did you know?
If you travelled over 455 Million kilometres you could drive around the world an incredible 11,377 times! That’s a lot of driving data to trust.
Safer driving
Since the introduction of our ‘Weekly Driving Summary’ notifications we have noticed a dramatic decrease of 92.5% in excess braking alerts and 94% decrease in excess acceleration alerts. We believe these encouraging statistics have been generated because our young drivers are more aware of their driving habits.
Collectively, the excess braking and acceleration figures have reduced BoxyMo’s young drivers accident frequency rate by a staggering 68.2%. Bodily injury claims have also subsequentially fallen by 58% since 2013, resulting in a large reduction of serious injuries including fatalities.
Gary McClarty, Managing Director of BoxyMo said:
"It's no secret that young drivers have the highest number of accidents. But not all young drivers are the same. Using telematics technology our black boxes constantly measure the big five risk factors for young drivers and alert them to potential risks and this has been proven to influence, very positively, driving habits among that demographic.”
What does BoxyMo telematic technology monitor?
The highly scientific algorithm used by BoxyMo rewards people who drive safely by monitoring the five big risk factors include the below:
- Speeding
- Driving smoothness (braking, acceleration and cornering)
- Distance you're travelling
- Where you’re travelling
- When you're travelling
BoxyMo uses the above real time data and monitors factors such as driving within the speed limit and avoiding risky manoeuvres such as harsh acceleration, braking and swerving. We use this data to reward safe young drivers aged 25 or under with healthy discounts.
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