Revolution or Invasion? Automakers Sharing Driving Data with Insurance Companies

driving data insurance

In the recent article titled, “Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies,” by the New York Times,  the argument unfolds around the alliance between automakers and insurance firms. The central tenet of the paper uncovers a practice where car manufacturers transmit driving behavior data to insurers. This article explores the potential ramifications on insurance premiums, privacy concerns and consumer habits. The Impact on Insurance Premiums The sharing of driving data stands to revolutionize the insurance industry. On one hand, it can be a boon for safe drivers who…

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Safety ranking for auto insurance sees better scores in vehicles made in Japan

Car Crash Statistics auto insurance

Japanese automakers have taken the top spots for safety vehicles throughout the 2016 model year ranks. The Insurance Institute for Highway Safety (IIHS) has now revealed information that is extremely handy to consumers and auto insurance companies, alike, and has stated that there were 48 vehicles from the 2016 model year that earned the “Top Safety Pick Plus” highest possible rating. This is a considerable improvement over the figure from 2015, when only 33 vehicles received the top rating. The three automakers that earned the highest number of “Top Safety…

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