Black Box Insurance
Categories: Accounting, Metrics, Insurance
Black box insurance is a type of car insurance that rewards (and punishes) you based on your current driving behavior.
OG black box insurance has you install a black box into your car, which tracks where you are, how much you drive, how fast you drive...things like that. More updated black box insurance plans have you just install an app on your phone. This is also known as ‘telematics’ insurance, which is way diff than OG car insurance, which bases how much they charge on your past driving behavior. Welcome to the future.
