A growing number of auto insurers is looking beyond the discount in anticipation of usage-based insurance (UBI) becoming mainstream. Jessica Royer Ocken reports.
Psst! Want a discount on your car insurance? Turns out that’s a line a growing number of drivers just cannot resist.
A generous discount through insurance telematics has been the chief selling point of Progressive’s Snapshot solution in the United States. And the situation is no different in the United Kingdom, where price is expected to remain the main differentiator for the foreseeable future.
Industry insight: Insurance telematics
Industry insight: The connected car
Insurance Telematics USA 2013