Live Insurance News

Pay-As-You-Go Auto Insurance: Custom Coverage for Today’s Driving Habits

April 12, 2025April 13, 2025 Guest Author

The conventional auto insurance model was designed for a world where most people commuted daily and used their vehicles consistently. Today’s reality is far more diverse, with remote work, ridesharing, public transportation options, and varying driving patterns becoming increasingly common. Pay-as-you-go auto insurance has emerged as a flexible solution tailored to these modern driving habits. Understanding Pay-As-You-Go Auto Insurance Models Pay-as-you-go auto insurance encompasses several different approaches, all designed to align coverage more closely with actual vehicle usage: Usage-Based Programs These monitor your driving habits through telematics devices or smartphone…

Why Over 700,000 People Are Waiting for Lemonade’s New Car Insurance

April 4, 2025April 3, 2025 Logan B.

Lemonade’s 700,000 Waiting Customers: The Future of Car Insurance Is Knocking When Lemonade, the tech-driven disruptor in the insurance world, announced that over 700,000 customers are lined up, eagerly awaiting its car insurance rollout in regions where it’s not yet available, it turned a few heads. That’s not just a waitlist—that’s a crowd, and it’s a strong indicator that something significant is brewing in the car insurance industry. But what’s fueling this surge of interest? And what does it say about where the insurance market is headed? Lemonade’s Growing Waitlist:…

How New Insurance Laws Could Change Auto and Home Insurance in Florida Forever

March 5, 2025March 4, 2025 Ben Jones

Florida Insurance Woes as Challenges Mount for Homeowners and Drivers Florida is at a crossroads when it comes to its insurance market, with homeowners and automotive policyholders grappling with escalating costs and industry instability. State lawmakers are taking on the issue with proposed laws that aim to create transparency, reduce premiums, and hold insurance companies accountable. However, with rising property insurance premiums and Florida’s rank as the most expensive state for car insurance, finding a workable solution is proving complex. Here’s a closer look at what’s happening, why it’s important,…

USAA Ends Standalone “Pay as You Drive” Program Amid Changing Telematics Landscape

January 7, 2025January 7, 2025 G. Turner

Telematics in Insurance: A Growing Trend with Complex Challenges Telematics-based insurance has been at the forefront of innovation in recent years. Harnessing GPS and real-time data, telematics enables insurers to adjust premiums based on driving behaviors, offering personalized pricing models. The concept has gained traction as consumers seek fairer, usage-based policies while insurers explore ways to minimize risk and incentivize safe driving. USAA, a major player in the insurance industry, ventured into telematics by acquiring Noblr in 2021. Noblr’s core product revolved around the “Pay as You Drive” model, where…

Should Insurers See Green Drivers as Safer Bets for the Future?

December 2, 2024December 1, 2024 G. Turner

Should Environmentally Responsible Car Owners Be Rewarded for Their Risk-Conscious Lifestyle? Driving a hydrogen fuel cell vehicle or an electric car (EV) often represents more than a transportation choice—it signals a lifestyle rooted in sustainability and personal responsibility. These vehicles promise reduced carbon emissions, improved air quality, and a shift away from reliance on fossil fuels. Yet, despite these benefits to society, owners often find themselves facing financial hurdles that seem at odds with their responsible decisions. Not only do these green drivers contend with additional registration fees that climb…

Revolution or Invasion? Automakers Sharing Driving Data with Insurance Companies

March 12, 2024March 11, 2024 Live Insurance News

In the recent article titled, “Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies,” by the New York Times, the argument unfolds around the alliance between automakers and insurance firms. The central tenet of the paper uncovers a practice where car manufacturers transmit driving behavior data to insurers. This article explores the potential ramifications on insurance premiums, privacy concerns and consumer habits. The Impact on Insurance Premiums The sharing of driving data stands to revolutionize the insurance industry. On one hand, it can be a boon for safe drivers who…

Verifly drone insurance launches a US pay as you fly coverage

August 10, 2016August 11, 2016 H. Cutner

A startup has created an on demand and per flight form of insurance policy for drone users. The Verifly drone insurance policy launched after having been in the making since the end of 2014. This policy makes it possible for drone users to pay for coverage per flight and on demand. The drone insurance policy uses a mobile app and service that have been in development since 2014. The Verifly drone insurance coverage is available in the United States. The policy covers unmanned aerial vehicle (UAV) use within the commercial…