Tag: usage based insurance technology

Usage based insurance devices track drivers using GPS

Julie Campbell
usage auto

This type of program may be causing motorists to exchange their privacy for potential discounts. Drivers who are looking to save money on their auto premiums are starting to look toward options such as usage based insurance, which involves installing a device in the motorist’s vehicle in order to allow the insurer to track actual driving habits, instead of basing premiums exclusively on more general risk models. While this can give safe drivers the chance to prove their low risk, and save money, there may be a catch. Privacy advocates…

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Usage based insurance clears man of murder charges

Julie Campbell
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 is Sprint’s next step in wireless

H. Cutner
Usage based insurance-sprint

The company will be offering tracking technology to auto insurers. Sprint, the American wireless giant, has announced that it will providing usage based insurance tracking technology to auto insurers with programs that monitor the driving habits of their policyholders/ The announcement was made regarding Sprint’s new Integrated Insurance Solutions unit. The usage based insurance programs in which the technology will function are popping up all over the country. Among them, Progressive’s Snapshot has been among the most popular. The technology tracks various driver behaviors, such as the distance the car…

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DriveFactor offers new usage based auto insurance program for drivers

Usage based insurance

DriveFactor has announced its latest product that uses usage based insurance (UBI) technology to allow good drivers to prove their safe driving habits and receive discounts on their premiums. The program uses a UBI device to track the save driving behaviors of specific drivers so that they can save money on their coverage. It measures the way in which a car moves so that the insurer can more accurately determine the risk associated with the driver and calculate a more precise rate for protection. DriveFactor was established in 2010 under…

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