GPS technology to be used to determine car insurance payments

Date: 4/3/2010

Source: ITS Belgium, http://social.telematicsupdate.com, www.hs.fi

PANDA, a consortium of companies based in Finland has begun a new pilot project this year which will test the use of GPS data to determine insurance premiums and road use fees.

Drivers will be able to influence their insurance premium by adjusting the number of miles driven on three types of journey: business, commuting or leisure driving. The user selects their current trip purpose via a three button interface in the vehicle.  In the trial, 1,000 cars will be fitted with GPS devices to track speed, sudden braking, rapid acceleration, and when and where a car was driven. The study will also look at whether the car was driven in the city or countryside and if it was driven on a motorway or a private road.

ITS Radar International will monitor PANDA

Keywords: Galileo, Geographic information, In-vehicle systems, Monitoring, Payment