BLACK BOX INSURANCE UK REVIEW! 😱

Summary

In this video, the creator shares their honest review of Black Box insurance after using it for a year with More Than insurance. They discuss the savings, rewards, and overall experience, highlighting both positives, like saving £700 and earning quarterly rewards, and negatives, such as the inconvenience of the Black Box breaking three times. The video explains the scoring system based on speed, smoothness, and usage, emphasizing the importance of safe driving. The creator also reveals they’re sticking with the Black Box due to a significant insurance discount. Overall, it's a recommendation for new drivers looking to save money on insurance.

Takeaways

• 😀 The reviewer has had More Than's black box insurance for a year and provides an honest review based on that experience.
• 😀 The main benefits of the black box insurance include significant savings, with the reviewer saving £700 in the first year.
• 😀 More Than offers quarterly rewards for safe driving, with drivers earning money back based on their driving habits. The reviewer earned £14 back for their safe driving.
• 😀 The black box insurance tracks three key areas: speed, smoothness (braking, accelerating), and usage (driving times, rush hour).
• 😀 The reviewer had issues with the black box breaking three times during the year, which required repair appointments that were inconvenient.
• 😀 Usage rules, such as driving during rush hours or late-night hours, can lead to lower scores and a more difficult driving experience for the reviewer.
• 😀 Despite issues with the black box, the reviewer appreciates that the insurance saved money and helped lower premiums.
• 😀 The reviewer admits to not being overly strict with their driving scores during the second half of the year, as they don’t speed and the black box rewards safe driving.
• 😀 The reviewer expresses that the black box insurance could be ideal for first-time drivers, as it offers substantial savings compared to regular insurance quotes.
• 😀 The reviewer decides to stick with the black box insurance for the following year, as their premium drops from £960 to £740, saving an additional £220.
• 😀 Despite some negatives like malfunctioning boxes and restrictive rules, the reviewer finds the savings and rewards worth continuing with More Than’s black box insurance.

Q & A

What type of insurance is being discussed in the video?

The video discusses a black box insurance provided by the company 'More Than'.

How long has the person been using the black box insurance?

The person has been using the black box insurance for one year, with the anniversary falling the day after the video was filmed.

What is the purpose of the black box in the insurance?

The black box monitors driving behavior, including speed, smoothness of driving, and usage patterns, which helps determine insurance rates and rewards.

What kind of rewards does the person receive for safe driving?

The person receives money back quarterly, with rewards like £14 for safe driving. The rewards can increase up to £32 for perfect driving behavior.

What was the major downside of using the black box insurance?

The black box malfunctioned three times during the year, requiring the person to have it fixed each time, which was inconvenient.

How does usage impact the black box score?

Usage is impacted by when you drive, such as during rush hours or late at night. Driving outside ideal times results in a poor score.

What aspects of driving does the black box monitor?

The black box monitors speed, smoothness (how hard you brake, accelerate, and turn), and usage (when and how often you drive).

What is the reason the person doesn't mind the black box?

The person doesn't mind the black box because they don’t speed and they drive safely, which helps them get rewards and a lower insurance rate.

What was the person's decision regarding staying with the black box insurance?

The person decided to stay with the black box insurance from More Than, as it saved them £100 on the next year's premium.

Would the person recommend the black box insurance?

Yes, the person would recommend the black box insurance, especially for new drivers or those seeking to save money on insurance premiums.