Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


MotorEyes Drive Recorders: The Next Stage of Evolution

MEDIA RELEASE

22 March 2013

MotorEyes Drive Recorders: the Next Stage of Evolution

MotorEyes, a device which films your journey, records your location and speed via GPS, as well as detects impacts on your car using G-sensors is taking the world by storm.

In countries as diverse as Russia, the United Kingdom, the United States, Japan and Australia, drivers are installing MotorEyes type devices and sharing videos of their journey online which include date, time, speed, location, and even a voice recording.

From incredible crashes and beautiful scenery to quick-thinking manoeuvres, these cameras record it all.

Even better, they may help lower your insurance premium.

“In Europe drivers were found to be 10% less likely to have an accident when vehicles were fitted with these devices. If a driver was involved in an accident, the costs of repair were reduced by 25% indicating that with drive recorders fitted the accident was less severe.”

As a result of the evidence, insurance companies in the UK, Australia and the United States are offering lower premiums to those with the cameras installed.

Gareth says that while insurers in New Zealand have yet to offer lower premiums for drivers using the cameras, he believes it is inevitable.

“That would be probably because this technology is so new to New Zealand. With so many insurance companies around the world offering discounted premiums and the number growing, I am sure it won't be long until the likes of our big insurance companies follow suit".

ENDS

Email: info@motoreyes.co.nz

Website: www.motoreyes.co.nz

Facebook: facebook.com/MotorEyesNZ

If you'd like to see some videos already captured on roads in New Zealand, you can watch here: http://www.youtube.com/channel/UC8JrNIz-7wgHAdQfjLyXyFQ

MotorEyes is a New Zealand company trading under Bean Rock NZ.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news