Britam General Insurance has launched a comprehensive, mileage-based telematics motor insurance cover, titled Motomatics to enable its users to pay fewer premiums if they drive less than 10,000 kilometres yearly.
In a notice published on March 5, 2024, the Motomatic cover is powered by Telematics Technology provided by Aicare, which uses an on-board device installed on the vehicle, or a mobile application downloaded to one’s phone, to collect and transmit data on driving behavior, such as speed, mileage, braking, acceleration, and location.
A comprehensive formula makes use of the driving data collected to calculate an appropriate driving score.
Based on the driver’s score, Motomatic will give drivers a discount for driving less, translating to a discount of up to 20 per cent against the standard pricing, depending on the vehicle type and value.
Customers will also be able to track their mileage through the mobile app or an online account, review their driving behavior analytics, file a claim, and access immediate support in the event of an accident.
“Motomatic offers customers flexibility and cost efficiency enabling them to access services that align with their lifestyles, especially within the motor insurance space that has seen minimal innovation. The launch of Motomatics aligns with our purpose of safeguarding dreams and aspirations," Tom Gitogo, Britam Group Managing Director and CEO stated.