Will Ford's MyKey technology mean a cut in teenage driver insurance?

AP Photo/Wilfredo Lee

The new MyKey technology from Ford will be welcomed by many parents with teenage drivers in the household but will this beaut new gizmo mean a cut in insurance premiums?

As anyone knows, statistically teenagers are far more likely to be involved in car accidents but if the usual contributing factors such as excessive speeding and distractions from things like the over-exuberant use of the car stereo can be limited by technology then the should really be recognised by insurers.

But somehow I doubt it will be too soon.