Telematics are increasingly used to help drivers to slash their premiums. Telematics – a form of device that is installed into a vehicle to monitor the way it is drive – are already being used by a few insurers as a part of usage based insurance efforts to help to keep rates down, and are expected to become much more popular, quite quickly. Studies and consumers are reporting that rates can fall by 20 percent or more with this technology. Moreover – and perhaps just as positive as the reduced…
Read MoreUsage based insurance grows in popularity with car insurers
