How is the Safety Score and rebate calculated?

The Safety Score is calculated using the telemetry data received from each insured vehicle. It is currently based on the speed each vehicle is driven on different sorts of roads. In the future, we plan to add additional factors, such as harsh braking or cornering. 

The Safety Score rebate is calculated by comparing the Safety Score at inception (Starting Safety Score) with the average Safety Score throughout the policy period. You can earn up to a maximum of 4% rebate as a percentage of your premiums (excluding IPT). If we don’t receive any telemetry data from a vehicle we will be unable to provide a Safety Score rebate for that vehicle. 

If you’re a renewing customer, we will use your historical data to calculate your  Safety Score. After this, you will accumulate your Safety Score rebate by comparing this Starting Safety Score with the average Safety Score throughout the new policy period. 

If you’re a new customer, Safety Score at inception is your Starting Safety Score (which is the starting point for a fleet – and any improvement on this will unlock a rebate percentage). In order to generate this accurately, we require at least 30% of your fleet to be connected for one month. After this month, the Safety Score will be calculated on a vehicle by vehicle basis and there is no connectivity benchmark. However, fleets should be aware that each vehicle must be connected in order to accumulate a rebate.