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Telematics in Insurance: Pay As You Drive


Apr, 2016

Telematics in Insurance: Pay As You Drive

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“Necessity is the mother of invention.” Rightly said, isn’t it? You wish to pay the premium according to how you drive! Your desire might come true in the near future with such a rapid advancement in telematics! What is Telematics Insurance? Telematics insurance works by installing small box like device in your vehicle tracking mileage and driving behaviours of the drivers and based on the usage, premium rates are decided. This particular practice is termed as Usage Based Insurance (UBI). Elements Which Can Be Measured Using Telematics Miles Driven Time […]