Driving Habits Influence Insurance Rates in the Age of Connected Cars
Connected cars are revolutionizing how insurers price their policies. Drivers want rates that actually reflect their individual risk.
Connected cars are revolutionizing how insurers price their policies. Drivers want rates that actually reflect their individual risk.
When a crash occurs and a driver says, “The car was driving,” it complicates matters. Insurers, police and juries want to know who is responsible—the driver, the technology or both?
Vehicle tracking has grown past simple dots on a map. Modern systems can log speed, route choice, braking force and engine events.
Advanced driver assistance systems (ADAS) and vehicle data do not act as add-ons. They change how fleets move, brake, idle and route.
Not only can telematics systems identify where vehicles are at any given time, but the data collected can be fed back to fleet operators so that they can take action.
Although policy frameworks to protect EV data privacy are evolving, information remains at risk of exposure.
We think this may be the defining year for the EV, when new technology really hits, prices start to align with value and infrastructure catches up with expectations.
This article may contain affiliate links. Advanced automotive technology is now common in U.S. and Canadian vehicles, and it can also shape fault, evidence and … Read more
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