Tag: usage based insurance

Usage based insurance is seeing stiff competition in auto industry

Usage based auto insurance

Insurers scramble to take the lead in this rapidly growing market. Sprint’s recent announcement that it was stepping into the usage based insurance sector of the auto coverage industry was a clear indicator of the sudden and rapid growth of this market segment. The battle has already started among UBI programs even before many consumers know they exist. Many drivers have yet to know that this type of program exists. It is for just this reason that insurers are working so hard in the race to become the top usage…

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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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Usage based insurance could be the key to savings for women

auto Insurance trends

New EU rules could cause female drivers to pay higher premiums, but UBI offers savings. Millions of women drivers across the European Union are watching their premiums disappear and are turning to usage based insurance to help to regain their price advantage based on good driving behaviors. The little transmitter gadget can help female motorists keep their premiums to a minimum. Over the last year, women have seen their rates increase because the European Union is no longer allowing gender to be a factor in the calculations of auto coverage…

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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…

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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…

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