pay as you drive insurance Archives

Allstate launches usage-based auto insurance program in Alberta

April 12, 2016April 10, 2016 Logan B.

New insurance program could net drivers savings on premiums A new auto insurance program in Alberta, Canada, could give drivers a chance to save money on their coverage. Allstate has launched a new usage-based insurance policy in the province. The policy involves the use of telematic technology, which is designed to collect data on how a vehicle is being driven. This may be good news for safe drivers, as they will be able to obtain discounts on their insurance coverage. This data is collected over six months, giving Allstate the…

Usage-based auto insurance comes to China

December 17, 2015December 16, 2015 Logan B.

Lichengbao releases China’s first usage-based auto insurance product Auto data company Lichengbao has launched a new usage-based auto insurance product in China, which is the first of its kind in the country. The company has partnered with several smaller insurers to make this possible, aiming to provide drivers with a way to save money on auto insurance coverage. Usage-based insurance has been gaining popularity in China, largely due to the fact that drivers in large cities only use their vehicles sparingly. 40% of consumers in China drive less than 15,000…

New usage based insurance available to Pennsylvania drivers

November 17, 2015November 15, 2015 Julie Campbell

This pay as you drive coverage lets safer drivers prove their reduced risk for premiums discounts. Auto policies can be quite costly and they are certainly an area in which most drivers would like to be able to reduce their expenses so they can direct that money to other areas of their budgets, and in response to this, usage based insurance products are being offered by many insurers in order to provide those motorists with a greater chance to save. While not everyone can benefit from savings through these auto…

Usage based insurance program lets young drivers prove themselves

March 12, 2015March 11, 2015 Julie Campbell

This telematics based system will give new Ontario, Canada motorists the chance to prove their safety habits. A company called Ingenie Canada Inc. has now announced that it will be offering a usage based insurance program in Ontario, Canada, that will use telematics technology in order to allow drivers who are aged 24 years and younger to show that their habits are safer than the demographic as a whole. The company is allowing younger drivers to show their true risk level instead of being lumped in with the group. The…

Usage based insurance devices track drivers using GPS

January 29, 2015January 29, 2015 Julie Campbell

This type of program may be causing motorists to exchange their privacy for potential discounts. Drivers who are looking to save money on their auto premiums are starting to look toward options such as usage based insurance, which involves installing a device in the motorist’s vehicle in order to allow the insurer to track actual driving habits, instead of basing premiums exclusively on more general risk models. While this can give safe drivers the chance to prove their low risk, and save money, there may be a catch. Privacy advocates…

Usage based insurance is not appealing to most Americans

January 20, 2015January 17, 2015 Julie Campbell

usage based insurance auto car tracking gps

A recent study has shown that over half of the drivers in the country aren’t sold on having their habits monitored. The results of a study conducted on the popularity of usage based insurance, also known as a pay as you drive plan, have recently been released, and they have shown that 51 percent of Americans will not even consider enrolling in this type of program. The majority of consumers are resistant to being monitored in order to be able to obtain possible discounts. The results of the study that…

Insurance technology could place US drivers at risk, says hacker

January 19, 2015January 17, 2015 Julie Campbell

Increasing auto insurance premiums technology

Tech expert, Corey Thuen, will be speaking at the S4 conference to show that pay as you drive dongles aren’t secure. Corey Thuen is a Digital Bond Labs security researcher, who has been working for a number of weeks on the subject of the insurance technology of onboard network dongles that are connected to the OBD2 ports of vehicles as a component of usage based auto policies. The findings of the research have been striking and they will soon be presented in a talk entitled “Remote Control Automobiles”. Thuen looked…