Utilising this vehicle driving data, Aioi Nissay Dowa Insurance will provide a new service that will be unique to Toyota vehicles. Toyota is bringing USA 's first telematic-driven auto insurance to market. The car manufacturer has partnered with MS&AD Aioi Nissay Dowa Insurance ’s Insurance Group for the policies, making coverage available to owners of certain Insurance Group connected car models. The manufacturer will use data provided by these vehicles to determine premium rates. Premiums will also be able to be divided into "ownership-based" premiums and "usage-based" premiums, allowing drivers who use their cars less to experience reduced insurance costs.
Toyota is bringing USA 's first telematic-driven auto insurance to market. The car manufacturer has partnered with MS&AD Aioi Nissay Dowa Insurance ’s Insurance Group for the policies, making coverage available to owners of certain Insurance Group connected car models. The manufacturer will use data provided by these vehicles to determine premium rates. Premiums will also be able to be divided into "ownership-based" premiums and "usage-based" premiums, allowing drivers who use their cars less to experience reduced insurance costs.