Behaviour tracking is the future for motorbike insurance, according to Gocompare.com

The freedom associated with taking a motorbike on the open road and a device which monitors your riding style may seem like strange bedfellows. However, the use of technology to track drivers’ behaviour has been a growing trend in the car insurance market for some time now, and Gocompare.com suggests that the future of motorbike insurance could be held in a little black box too.

These behaviour-based insurance policies – commonly referred to as ’telematics insurance’ – use a small GPS-enabled device, or even just a smartphone app, to gather data on your behaviour while on the road. The data collected could include things like your speed, cornering, how hard you brake and the times you use your vehicle, among other things. The price you pay for your insurance is then based on how good (or bad) your behaviour is deemed to be. This means conscientious road users could benefit from cheaper insurance, while those who speed or otherwise break the rules of the road may find their premiums rise, even if they haven’t made a claim or been convicted of a motoring offence.

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Tom Lewis, head of innovation and insight at Gocompare.com, said: “Telematics-based car insurance policies have been available to drivers in the UK for some time now, and the number of telematics products on the market has dramatically increased over the past five years. As more people become aware of telematics as an insurance option, we expect to see the number of insurers offering this ‘behaviour-based’ cover to increase.

“Following the European Union’s eCall initiative*, which proposes that telematics devices be installed in all new cars as standard from October 2015*, I would expect that in 10 years’ time everyone will have to have some sort of behaviour-based insurance policy. There will still be customers who prefer not to have their driving habits tracked of course, but it will be an opt-out situation, rather than an opt-in, with those wanting traditional forms of insurance being charged a premium for the privilege. If this does happen with car insurance, then there’s no reason that motorbike insurance won’t follow suit.”

However, Tom has predicted that some bikers may be more reluctant than car drivers to make the switch.

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