Usage based insurance coming to Canadian province of Alberta

Usage based insurance

Drivers may soon be able to prove to their insurers that they are safer and be rewarded with discounts. Motorists in the Canadian province of Alberta could soon have the option to have telematics devices installed in their vehicles so that they can take advantage of discounts from usage based insurance programs when they prove that they have cautious driving habits. The province is currently studying the technology which would reward safer drivers. The usage based insurance devices would be installed on a voluntary basis to allow motorists to show…

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Usage based insurance is causing a growing privacy concern

usage based insurance data security

Though consumers are keen to save money on their policies, they wonder if they might be sharing too much. With the increasing popularity of usage based insurance programs, individuals and organizations are starting to look beyond the potential for saving money and are discovering that a large amount of information is being shared with the insurers. This is causing them to question exactly what and how much data is being collected. A vehicle is already naturally collecting a great deal of information about the way that a driver uses it.…

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Usage based insurance programs come to New York state

usage based insurance dashboard

Drivers will now be able to choose if they want their habits behind the wheel monitored by their insurers. Though New York does already have some usage based insurance options, the large players are now making their way through the state to provide good drivers with the chance to save on their premiums by revealing their driving habits to their insurers. The programs come with a small electronic device installed on the car to transmit driving data to the company. New York is not alone in its usage based insurance…

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Usage based insurance raises concerns over privacy

usage based insurance data security

The wireless monitoring devices that can lower premiums are making people wonder about data sharing. The wireless technology that is installed in a vehicle in order to take advantage of the possible savings from usage based insurance is starting to cause some concern among consumers who are becoming increasingly aware of the risks they are taking with regards to sharing their personal information. Some wonder precisely what is being collected and how it is being used and stored by insurers. The concept behind usage based insurance is that a wireless…

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Usage based insurance licensing terms released by Progressive

Progressive usage based Insurance

With six American patents in place, the insurer has now announced the rules for the use of its intellectual property. Progressive has just announced the terms of a new licensing program that it has developed for the use of its usage based insurance programs and the various proprietary elements that are related to them. The insurer has been carefully developing and protecting the various parts of these programs over the years. This licensing option has been long awaited by the industry, as the insurer has been indicating that it would…

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