2012 will be the year of usage based insurance

usage based insurance auto

This year, auto coverage using telematics devices will finally get its real start before taking off. Usage based insurance is a type of auto coverage where the actual driving data of the motorist is collected through telematics devices in order to provide insurers with the ability to calculate premiums based on the individual’s actual behaviors and uses of the vehicle. Some companies have already introduced programs and it is expected that they will explode very soon. There are a number of reasons that the technology, which has had an off…

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