GPS Tracking And Car Insurance

GPS tracking is a central part of the "Usage based Insurance" policies also known as "Pay as you Drive" (PAYD) schemes. These are becoming a more common feature of modern driving insurance these days and are believed to offer drivers a cost effective alternative to traditional insurance. Consumers who use their cars less will also find that they have a reduced impact on the environment as a benefit from the PAYD initiative. These insurance premiums rely on a vehicle being fitted with a GPS tracking system that allows the company to follow the movements and driving patterns of the driver.