Insurers scramble to take the lead in this rapidly growing market. Sprint’s recent announcement that it was stepping into the usage based insurance sector of the auto coverage industry was a clear indicator of the sudden and rapid growth of this market segment. The battle has already started among UBI programs even before many consumers know they exist. Many drivers have yet to know that this type of program exists. It is for just this reason that insurers are working so hard in the race to become the top usage…
Read MoreUsage based insurance is seeing stiff competition in auto industry
