The numbers speak for themselves. Investments in the tens and hundreds of millions of dollars. An estimated 10 to 11 million insurance policies in place. A global market projected to amass $123 billion by 2022. They’re all factors driving the growth of Usage-Based Car Insurance, also known as UBI. But this expansion isn’t just about revenues and high-dollar […]
Usage-Based Insurance Archives
Pay as you go (PAYG) or usage-based insurance is a very hot item in the car insurance market. Find out which ones make the cut.
RightTrack is Liberty Mutual’s usage-based car insurance program, one of many similar discount programs that are offered by insurance companies large and small across the country. Usage-based insurance is a system by which drivers are given discounts based on information about their driving habits, including speeding and hard braking, time of day, and mileage. Liberty […]
SmartRide is Nationwide’s entry in to the popular usage-based insurance market. Like other similar programs, it records a driver’s habits and rewards safe driving with a discount. Usage-based insurance has been around for a while now, and most major insurance companies – along with many smaller ones – offer some type of usage-based program. Nationwide’s […]
Along with its parent company Allstate on board the newest insurance trend wagon is Esurance, which offers a pay-per-mile car insurance program. The program is currently only available in Oregon, but the company is looking to expand it in the near future – so far there is no information on which states might see it […]
Pay-per-mile is poised to be the new trend in car insurance, and Allstate is the first major insurance company to get on board. Outside of Esurance, which Allstate owns, the other major option in this market is Metromile, a California-based insurer that has been the leader in pay-per-mile. How well this program works for Allstate […]
DriveWise is Allstate’s version of the popular usage-based car insurance trend. Operating mainly from a mobile app, DriveWise offers not only the chance to earn a discount but points in the company’s Rewards program as well. Revamped from the original program, today’s DriveWise system works a little differently from some of the similar telematics programs […]