I ran across an interesting article this afternoon on AutoTrader UK regarding discounts for young adults who limit their driving to daylight hours only.

According to the article and UK government figures, drivers under 30 make up 28 percent of all serious injuries and deaths on the road, although they only make up 10 percent of the driving population.

Insurers who adapt the new program, called "DriveTime" would offer discounts of up to 40 percent to young adults who agree not to drive at night.

That's a pretty serious discount, and an attractive one I imagine, for young people. But how do you ensure that policyholders adhere to the to the daytime driving-only hours?

Ah, the catch.

The catch is that policyholders would have to install an in-car tracking device that would monitor when the vehicle was driven. Furthermore, if the device found that the vehicle had moved between 11PM and 6AM, the policyholder would be fined £25.

Now, I'm a twenty-something driver with a good driving record. Under the DriveTime pretenses, I'd save about $480 per year on my auto insurance. That's a healthy discount. But I don't know that $480 would be enough to compensate for the fact that I:

A: would have to install something in my car
B: would feel like I was on house arrest every time I drove my car
C: couldn't drive my car after 11PM (not that I have a particularly wild social life, but I have been known to drive all night through the Midwest...as well as to move my car to the other side of the street to avoid a parking ticket.)

I could definitely see the DriveTime appeal for younger drivers faced with overly expensive premiums, say from too many violations or a previous DUI conviction. For me though, I think I'd pass.

So what do you think? Could DriveTime ever make it to the States? What would the ramifications be for insurers? For policyholders?

Let's meet back here on Monday and discuss the possibilities. :)