usage based insurance adoption Archives

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…

2012 will be the year of usage based insurance

June 17, 2012June 17, 2012 Marc

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…