Usage-based car insurance is becoming increasingly popular as drivers become more comfortable with sharing data in return for discounted rates according to Gwenn Bezard, co-founder and research director at financial research firm Aite Group. Usage-based insurance bases rates more on the policy holder’s driving record than the conventional credit score. The company has been testing a new feature that allows users to share their driving habits on the app using an iPhone or Android phone.
Usage-based car insurance is becoming increasingly popular as drivers become more comfortable with sharing data in return for discounted rates according to Gwenn Bezard, co-founder and research director at financial research firm Aite Group. The company has been testing a new feature that allows users to share their driving habits on the app using an iPhone or Android phone.