Live Insurance News

Auto insurance discount could make self-driving cars worthwhile

December 3, 2013November 30, 2013 Julie Campbell

Google driverless auto insurance news discount

One day, the savings could be big enough on coverage that it could make these vehicles practical. Insurers are always advertising different ways for consumers to obtain an auto insurance discount that is large enough that it will entice them into switching to their policies, and with the introduction of new technologies such as self-driving cars, it appears as though an entirely new world is opening up for drivers and the companies that cover them, says a recent survey. Google has already produced a prototype for this type of vehicle,…

Usage based insurance is already going mainstream

November 4, 2013November 2, 2013 Julie Campbell

This type of auto policy has started to become one of the standard offerings of many insurers. Though the potential benefits of usage based insurance have been clear for some time, this new technology based version of auto coverage has always represented an extremely small percentage of the offerings from insurers. This trend is starting to change as the tech is picked up by a growing number of insurers. Moreover, as more auto insurance companies offer these products in a larger number of locations, consumers are also finding the chance…

Auto insurance telematics appealing to most European drivers

October 9, 2013October 7, 2013 G. Turner

Provided that premiums would not increase, the majority of motorists would opt for usage based coverage. According to the results of a recent survey among six countries across Europe, the majority of drivers would choose an auto insurance program that uses telematics if they were guaranteed that they would not experience a premiums increase. Most of the survey respondents expressed a level of interest in usage based coverage programs. The majority of the participants in this recent Towers Watson survey said that they were interested in usage based auto insurance…

Auto insurance is using technology to focus on driver behavior awareness

October 3, 2013October 1, 2013 Julie Campbell

As usage based programs become more common, it is changing the future of this part of the industry. As both vehicle and telematics technology continue to evolve and usage based programs come closer to the mainstream, the auto insurance industry is placing a much greater focus on the actual behaviors of the consumer, while behind the wheel. Some industry experts feel that coverage is now becoming a tool to encourage motorists to become better drivers. At the same time, it also means that increasing automation in vehicles, to the degree…

Auto insurance UBI programs gain massive popularity

September 3, 2013August 31, 2013 Julie Campbell

Both insurers and consumers are finding the benefits of pay as you drive coverage to be highly appealing. According to the results of a recent survey, the consumer interest in usage based auto insurance is rapidly climbing, and that it is likely that insurers will take rapid action to take advantage of the appeal that this type of program has to offer. Estimates are now indicating that by 2018, one in every five insurers will offer usage based insurance (UBI). The survey was conducted by Lynx Research Consulting, and it…