Do you know if your auto insurance policy provides discounts for using telematics to monitor driving? Do you know what telematics is? Some insurance companies have taken telematics to a new level and are using them to monitor good driving habits that result in premium discounts.
Why consider Telematics?
- Potentially save on car insurance premiums.
- Drive more safely because you are aware of your driving behaviors.
- Help reduce the likelihood of an accident.
- Simple to sign up and use.
- It’s voluntary.
How does Telematics work?
A telematics program collects data on your driving habits from an app on your phone while you drive. Data is usually collected for 90 days. Data is assessed and graded on 5 variables known to increase the probability of an accident:
- Time of Day
The insurance company will then determine if you qualify for discounts based on your scores.