Written by Michael Foote, Insurance and Finance ExpertMichael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.
“Black box” or a “telematics box”, as they are also known, is a small box that is installed within a vehicle, usually out of sight behind the dashboard and is responsible for recording driving information. They record telemetry as well as cornering, braking and accelerating habits as well as the speed at which you drive.
The box also contains a GPS that records the exact location a car has been driven and at what times. The black box has no control over the car, it is simply there to record how the car is being driven and to be able to record the location of car should the vehicle be stolen or involved in an accident.
These are the main reasons that any taxi driver, particularly beginner cabbies could want to have a black box installed in their car:
Not only is it important for the taxi company to know where all of their vehicles are in order to organise collections in an economical manner, if the vehicle is stolen the GPS tracking can help police quickly locate and retrieve the stolen vehicle.
By being able to track where each taxi is, taxi companies are able to optimise routes to reduce fuel consumption, reduce unnecessary mileage and better manage taxi driver’s working hours. Overall this will benefit revenues and reduce unnecessary costs.
Improve customer service
People in search for a taxi appreciate a fast and efficient service; nobody wants to be waiting around for long periods of time for a lift. With GPS tracking through a telematics box, taxis are less likely to break down and can travel more efficiently when directed via the optimum routes.
With a black box equipped, insurance companies know for a fact that they aren’t going to be on the receiving end of false claims and can easily identify drivers who don’t speed or drive in a dangerous manner.
Telematics boxes record all driving habits so insurers will know if you were speeding or driving in an erratic fashion at the time of an injury. With a black box equipped in your taxi you can also receive the benefits of reduced insurance rates. Compare taxi insurance quotes online with Quote Goat to see if a black box could help reduce your policy.