Live Insurance News

Usage based insurance coming to Canadian province of Alberta

May 22, 2013May 25, 2013 Julie Campbell

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…

Usage based insurance technology embraced by drivers who want to save

May 18, 2013May 25, 2013 H. Cutner

According to the results of a recent survey, drivers will report their data in order to achieve greater savings. The results of a survey from Cisco Systems, the networking giant, have now been released in a report from the company that have shown that usage based insurance has great potential as consumers are willing to embrace technology in their vehicles in order to enjoy lower premiums. Consumers have shown that they would be willing to allow insurers to track their driving data in exchange for savings. The results of the…

Usage based insurance is causing a growing privacy concern

March 28, 2013March 26, 2013 H. Cutner

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.…

Usage based insurance programs come to New York state

February 22, 2013April 30, 2013

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…

Usage based insurance makes its way into Spain through new policy

February 12, 2013February 11, 2013 H. Cutner

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…