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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