Tag: usage based auto insurance

Usage based insurance is now being seen without rose colored glasses

Marc
Usage Based Insurance

Now that it has had its first wave as a novelty, drivers are starting to look at its other side. Drivers across the country are already taking part in the usage based insurance programs being offered by a number of the larger insurers, with the promise of an opportunity for significant savings. However, on closer inspection, some are starting to wonder whether the tradeoff is worth it. Insurers have crated usage based insurance programs that allow motorists to have their driving behaviors tracked by the companies in order to gain…

Read More

Usage based insurance faces a road block in California

Julie Campbell
California Auto Insurance

Tracking technology has privacy advocates raising concerns regarding its intrusive nature. Though California had initially been among the states leading the way for usage based insurance, it has suddenly hit a wall as privacy advocates speak out against what they feel is an excessive intrusion that could lead to significant consequences. The UBI programs are meant to provide insurers with a more accurate reflection of a driver’s behaviors. With the information they collect through usage based insurance, auto insurers have been able to offer lower risk drivers a discount on…

Read More

Does usage based insurance for your car risk your privacy?

S.Vagus
Usage based insurance

How much of your data is shared by your vehicle telematics? Usage based insurance programs are being offered by a growing number of auto insurers, with the highly attractive benefit of potential savings on monthly premiums. Consumers now wonder about the cost of these money saving devices. The type of data that is transmitted through the telematics devices used for the usage based insurance programs depends on the insurer and the gadget itself. While some simply report very basic information such as the number of miles driven, others can report…

Read More

Usage based insurance offered by Progressive to non customers

Julie Campbell
usage based insurance auto

Insurer is expanding its program to individuals who want to save on their policies. The Snapshot usage based insurance program at Progressive Corp. has already proven to be highly popular as hundreds of thousands of drivers have agreed to allow the company to track their driving behaviors in order to gain the opportunity to save on their coverage, and now this same chance to save is being offered to non customers. Snapshot auto insurance is now available to anyone who would like to track their behaviors behind the wheel. Progressive…

Read More

What you should know about usage based insurance

Usage based insurance

How telematics may change driver behaviors. Usage based insurance is on the rise, and it is showing no signs of slowing down as it combines telematics with GPS technology and onboard diagnostics to help insurers to better understand the behaviors of their policyholders while behind the wheel. Though the impact on price is starting to be understood, what has yet to be seen is the impact on drivers. The technology is able to tell an insurance company where a car is located, how fast it is going, how many left…

Read More