Car Insurance News: People Wary Of Data-Driven Insurance Rates

A recent shows that more and more people are wary of the auto insurance rates dictated by the updated drive data coming from the driver. This according to a survey recently given among drivers in order to determine whether they approve insurance rates depend on the driving data collected from them through a device installed in their cars.

Several insurance companies have proposed basing on the insurance quotes and rates on updated data that were collected from the driver. It may be possible to install a device or computer chip in a vehicle that can record and send data about the car owner's behavior prometu.Istraživanje showed that more than half of respondents agreed with setting auto insurance rates for the assessment of actual driving data through the on-board telematics the device is plugged directly into an electronic car port. Not only are the current driving the data collected, but the driver traffic violations and accidents of history can be used to help set rates. This recent news auto insurance company may one day change the way insurance providers to set individual auto insurance rates.


But on the other hand, there is the other half of consumers who might be concerned about such actions by the company's auto insurance. By taking data directly from the vehicle and collect information such as speed, mileage, and even braking data, some consumers are concerned about potential invasion of their privacy.

Insurance providers are looking for ways to get more accurate data which will enable them to set more accurate auto insurance rates. Data such as car mileage and driving history is already used by most auto insurance providers in order to set rates. However, in the case of car mileage, information that is used usually comes in the form of assessment provides the insured. Most of the time, such assessments may have some potential inaccuracies that could affect the accurate placement rates.

If you want to get more such news auto insurance, you May want to check into some car insurance company news web site for further updates.