by Daniel Jennings, Off The Grid News
Insurance companies want to add devices to your car that can track your movements and monitor your driving. A new technology called telematics lets insurance companies see how you drive so they can tailor policies to fit your needs.
“Now that we can observe directly how people drive, we think this will change the way insurance works,” Dave Pratt of Progressive told the BBC. Pratt has installed a device that can monitor speed and braking on his teenaged son’s Jeep. The device lets Pratt know how his son is driving.
Telematics isn’t just for teenaged drivers. Insurance companies like Progressive and Allstate want to put such devices on everybody’s car. That will make it easier for insurers to create policies tailored for individual drivers.
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