Usage Based Insurance, Vehicle Tracking Solutions, GPS Fleet Tracking Systems
Analyze the Location
and Motion States of Customers’
Automobiles
Pay-as-you-drive Insurance. Tracking devices allow insurance companies to analyze when the car is in motion as well as the driving habits of customers who opt in, allowing them to reward good driving habits. Current devices track time of day, vehicle speed, and location of the car – to see if for how long the drivers drove the car. The owner of the car is then charged an insurance amount that is based on the usage of the car.
How does it work?
- A customer enrolls online.
- A tracking device is mailed to the customer and plugged into the car.
- The customer drives normally, and the device records information about his driving patterns.
- The insurance company analyzes the information to reassess the cost of a policy.
