Among the five cheapest motor insurance quotes in 2022, one in five quotes offered to drivers aged 50 and over were by telematic brands. Overall, for all drivers, the proportion of the cheapest five motor insurance quotes provided by telematics was 18.4 percent. In insurance, telematics is used to collect real time data on a driver's behavior and improve motor insurance underwriting by making it more precise.
Share of the cheapest five motor insurance quotes provided by telematic brands in Great Britain from December 2021 to November 2022, by age group
The source adds the following information: "For each risk common to consecutive months, the variation is calculated from the average of the top 5 cheapest premiums returned across the PCWs and key directs in the previous month to the average of the top 5 in the current month (regardless of which brands provided these quotes).
The overall market top 5 monthly variation is calculated by averaging across all these risk level top 5 variations for common risks run in both months.
The monthly figures are concatenated up to produce the trended price index from a starting point of 100% in the base month."
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Consumer Intelligence Research Partners. (December 22, 2022). Share of the cheapest five motor insurance quotes provided by telematic brands in Great Britain from December 2021 to November 2022, by age group [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1170517/share-of-telematics-motor-insurance-quotes-in-great-britain-by-age-group/
Consumer Intelligence Research Partners. "Share of the cheapest five motor insurance quotes provided by telematic brands in Great Britain from December 2021 to November 2022, by age group ." Chart. December 22, 2022. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1170517/share-of-telematics-motor-insurance-quotes-in-great-britain-by-age-group/
Consumer Intelligence Research Partners. (2022). Share of the cheapest five motor insurance quotes provided by telematic brands in Great Britain from December 2021 to November 2022, by age group . Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1170517/share-of-telematics-motor-insurance-quotes-in-great-britain-by-age-group/
Consumer Intelligence Research Partners. "Share of The Cheapest Five Motor Insurance Quotes Provided by Telematic Brands in Great Britain from December 2021 to November 2022, by Age Group ." Statista, Statista Inc., 22 Dec 2022, https://www.statista.com/statistics/1170517/share-of-telematics-motor-insurance-quotes-in-great-britain-by-age-group/
Consumer Intelligence Research Partners, Share of the cheapest five motor insurance quotes provided by telematic brands in Great Britain from December 2021 to November 2022, by age group Statista, https://www.statista.com/statistics/1170517/share-of-telematics-motor-insurance-quotes-in-great-britain-by-age-group/ (last visited November 19, 2024)
Share of the cheapest five motor insurance quotes provided by telematic brands in Great Britain from December 2021 to November 2022, by age group [Graph], Consumer Intelligence Research Partners, December 22, 2022. [Online]. Available: https://www.statista.com/statistics/1170517/share-of-telematics-motor-insurance-quotes-in-great-britain-by-age-group/
