Telematics And The Future Of Auto Insurance

Whether you’re ready to embrace insurance telematic programs or not, they are here and here to stay.

Snapshot | Intellidrive | OnTrack | RightTrak | Smart Drive

For starters, these discount programs are optional. And not participating won’t alter your auto insurance premium.

As technology in this field continues to evolve so too are the program options and discounts. Today most auto insurance telematic programs are app based and entirely accessible through a mobile app and e-mail.

What is looked at for discounts varies by each individual program and discount amounts are tiered differently as well. Below are some of the factors that insurance companies based their discounts on:

  • Miles Driven
  • Driving Duration
  • Time of Day
  • Hard Braking
  • Distracting Driving (In-hand phone use while driving, e.g.)

The simplest explanation for auto insurance telematic programs is this: You can save a lot, in some cases up to 30%, on your auto insurance by providing your insurance company access to your driving habits for a specified length of time.

There’s a lot in that definition to consider. And remember, these programs are 100% optional. So if the idea of a telematic program makes you uneasy don’t enroll.

These programs are just another way insurance carriers are trying to reward better drivers.

For more information on a specific program simply to talk to our Family of Independent Agents today.