Usage based insurance clears man of murder charges

Progressive usage based Insurance

The device for the man’s auto coverage program helped to prove that he could not have been the culprit. A usage based insurance device used by a man in northeastern Ohio has helped to prove to the courts that he could not have been guilty of the suffocation death of his daughter, who was seven months old. The man was acquitted in a Cleveland court partially because of the data in his UBI device. Michael Beard, 28 years old, was acquitted by a jury of murder as well as other…

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Usage based insurance subscribers expected to double

usage based insurance auto

Over the next three years, there will be twice as many users of UBI auto policies in the United States and Europe. According to the latest data from Frost & Sullivan, a business consulting firm, sixty percent of large insurers in the United States are already offering usage based insurance telematics programs to provide discounts to their auto insurance customers who are safe drivers. The U.S. is seen as the fastest growing market for this type of coverage technology program. Among those auto insurance companies who are offering this type…

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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 technology embraced by drivers who want to save

usage based insurance auto

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…

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Telematics: The rise of usage-based insurance

Usage based insurance

Usage-based insurance is gaining traction Usage-based insurance coverage had, once upon a time, been considered little more than a fantasy. Now, however, it is becoming much more of a reality as we see insurance giants roll out their new auto insurance plans based on this technology. As the term suggests, usage-based insurance is based on driving behavior. This means that policyholder’s rates are based on how many miles driven, what time of day and safe driving habits and more. Determining whether or not coverage is in use can be a…

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