Young driver foxed by the box
Money Box
BBC
4.2 • 825 Ratings
🗓️ 14 October 2017
⏱️ 25 minutes
🧾️ Download transcript
Summary
Black Box technology is regularly touted as a way of reducing car insurance premiums. If the box shows your driving is safe then you qualify for refunds on your premiums. But how does the box determine that your driving is safe? Money Box reporter Tony Bonsignore has discovered that every company has a different way of assessing safe driving and that the digital readings are not always as accurate as they could be.
The Government has published a draft bill to cap energy prices. What will that mean in practice for energy consumers? While two thirds of people who stick with the same supplier will see bills come down, those that "embrace the market" and regularly switch to the best deal may pay more than they otherwise would. Meanwhile some mid-size energy suppliers with many customers on the highest tariffs - the so-called standard variable tariff - may well go out of business.
And is it the end for peer 2 peer lending? One expert warns that risks to investors have 'intensified significantly'.
Presenter: Paul Lewis Reporter: Tony Bonsignore Producer: Alex Lewis Editor: Andrew Smith.
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? When lies are still being told to this day, |
| 0:24.0 | who do you believe? I wouldn't even know where to start and I'm with the IRA. |
| 0:28.5 | Steakknife. Listen first on BBC Sounds. Welcome to the podcast edition of Moneybox. I'm reporter |
| 0:35.0 | and rookie driver Tony Bonsignore. I say rookie because despite |
| 0:38.8 | having passed my test when I was 19 and that was a long time ago, I only got my first proper |
| 0:43.9 | car a year ago and that meant I was quoted an eye-watering amount for insurance. So to bring |
| 0:48.6 | the cost down a little, I agree to have a black box fitted. And since then I've always wondered |
| 0:52.8 | why more older drivers don't use black |
| 0:55.0 | boxes. That was until I came to research this week's report. I hope you enjoy the program. |
| 1:00.9 | Hello, and two new guests on today's program. This is Gaz. And this is Lecky. Together, |
| 1:09.1 | they're out of control. But will those TV ad stars, Gaz and Lecky. Together, they're out of control. |
| 1:15.0 | But will those TV ad stars, Gaz and Lecky, really be controlled by a new government scheme to cap the cost of heating our homes? |
| 1:19.3 | We throw light on the black box, or perhaps we throw shade. |
| 1:22.9 | Having one in your car can reduce your insurance costs, |
| 1:25.5 | but how accurately do these devices measure driving |
| 1:28.2 | skills? And the online dating sites which pair up people with money to lend and those who want |
| 1:33.7 | to borrow it from them is peer-to-peer lending in trouble. But first, energy. Not long ago, |
| 1:40.4 | the idea of a price cap on gas and electricity prices was seen as a mad idea |
| 1:45.1 | of Ed Miliband's Labour Party. |
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