Usage based insurance makes its way into Spain through new policy

Usage based auto insurance

A new UBI solution has now been launched by a partnership between Telefónica and Generali Seguros. Drivers in Spain will now have the opportunity to take advantage of considerable savings based on their good and safe driving habits, if they choose to participate in a new usage based insurance program. The new product, which was just unveiled, is advertised as being able to save drivers up to 40 percent. The usage based insurance policy would require the drivers to have a device installed into their vehicles which would use Machine…

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