Sat-nav tech tracked insurance policies

[golf-sib]

I might move to China, it seems more relaxed over there.....

It does seem a better option every week when more of these silly ideas come to fruition  cheap gadgets too 

Cant say the cheap iphones are any good though I had one between mobiles last year till I got paid, I thought it was a smart idea for £10... but was it $h!t 

[topher]

I heard on a radio show (radio 4?) a few weeks ago, that this WILL be the future of insurance policies for everyone

i heard the same thing on a radio show about 6 years ago.. i reckon we're safe for now.

[Kerrse]

There will always be insurance companies that wouldn't go for it as they would get the huge share of the market that don't want lot be asked everywhere they go.

I for one would never have one I don't see why I should I have never had any accident or been caught speeding in whole driving career( maybe came close a couple of times for speeding) so why should my driving be checked if I have never made or had a claim against me in over 20 years

[VW BUSH]

There will always be insurance companies that wouldn't go for it as they would get the huge share of the market that don't want lot be asked everywhere they go.

I for one would never have one I don't see why I should I have never had any accident or been caught speeding in whole driving career( maybe came close a couple of times for speeding) so why should my driving be checked if I have never made or had a claim against me in over 20 years

If the insurance companies can save money on paying out then they will all go this way.
This sort of tech means all the cars around you can be shown at the time of an accident, maybe honesty will be forced upon all parties involved and the real cash for crash culprits will get justice.......or maybe we will all just get bigger bills and no freedom.....

[bobbarley]

We'll all lose our policies for speeding. There's no one that's never broken a speed limit.

[VW BUSH]

We'll all lose our policies for speeding. There's no one that's never broken a speed limit.

You could limit cars to the speed of the road, this would have us all stuck behind buses and milk floats which would be no better than riding on the bus.

One way to get public transport fixed and create some jobs I suppose

[golf-sib]

But then there's the concern of GPS technology and how inaccurate it is, its like people who rely on using GPS speed over the tacho, they don't realize how inaccurate the GPS device/software can be. Like one of my devices had a bug with hills, The hill is elevating so going 30mph will seem like 15mph in a straight line, a bit of simple maths such as trigonometry would let you work out the speed and distance easily providing the elevation is known, sat nav can see the elevation, I'm doing 50mph but its adamant I'm doing 12mph. Then how many times has the nav device thought you was on a different road? How about the speed errors you also get when going round a bend and changing lane due to the accuracy of the signal?

Unless the insurance industry invest in accurate GPS equipment like surveyors use or GPS technology vastly improves I cant see this happen, which seems like it is extremely unlikely due to the costs involved.

[bobbarley]

They're working on a European GPS system, they're still launching more satellites for it. It'll be accurate to within 1 metre.

[golf-sib]

They're working on a European GPS system, they're still launching more satellites for it. It'll be accurate to within 1 metre.

Yeah I know as GPS is american shizzle that they can take down at any time, so we have a new EU system in place that will be active soon... Think its Galileo the project name?

But I thought that wasn't in full operation till 2020ish? So plenty of time, then there's going to have to be hardware to run along side it, but what are the odds of manufacturers still using other navigation satelites like GPS, Compass and the russian one? I bet devices that work with the European system will come at a premium for the accuracy.

[golf-sib]

They're working on a European GPS system, they're still launching more satellites for it. It'll be accurate to within 1 metre.

Yeah I know as GPS is american shizzle that they can take down at any time, so we have a new EU system in place that will be active soon... Think its Galileo the project name?

But I thought that wasn't in full operation till 2020ish? So plenty of time, then there's going to have to be hardware to run along side it, but what are the odds of manufacturers still using other navigation satelites like GPS, Compass and the russian one? I bet devices that work with the European system will come at a premium for the accuracy.

EDIT: Wiki Reference: The high-precision capabilities will be available for paying commercial users and for military use.
http://en.wikipedia.org/wiki/Galileo_%28satellite_navigation%29

So we will still have piss poor accuracy unless a premium is paid