Tag: Vehicle Insurance

Telematics Based Insurance Using Driving Data & Driver Behavior in Connected Cars to Predict Accident Risk & Claim Frequency; Offer Cheaper Policy Rates;

The way that vehicle insurance rates are determined & quoted is changing. Have changed?
Policy holders are allowing underwriters to track, measure, & store their driving behavior & vehicle usage.
So User Based Vehicle Insurance is growing market in risk management.
Driving data from connected cars providing actual mileage use & behavior.
This data from new financial technology is enabling insurance companies to offer lower underwriting rates.
Your driving is being watched and recorded so put away your cell phone. Watch the road.

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 Metromile are putting connected devices in vehicles. Then uses generated driver data to personalize quotes.