Vehicle Insurance Underwriters Set Rates Based on Usage

User Based Insurance is catching on with Underwriters .
Underwriting rates based on real driver behaviors data..
Usage-based insurance is being adopted by major vehicle underwriters,
Metromile uses artificial intelligence & machine learning technology lead the way.
Major vehicle insurance companies using AI and Machine learning to set rates
Companies like MetromileĀ are putting connected devices in vehicles. Then uses generated driver data to personalize quotes.

Data Grab: GM Selling Insurance Based on Vehicle-Driver Data

GM Onstar is getting into vehicle insurance underwriting.
GM knows from years of previous under writing that big challenge is to know the driver habits of the policy holder.
So is leveraging data generated by cars to re-establish its auto-insurance business.
This will provide rating data for car-insurance based remote tracking of driversā€™ behavior.
So can set rates based on data that other competitors do not have.
GM or Onstar then uses this driver behavior data to set lower insurance rates.