What Are The Advantages Of Usage-Based Car Insurance?by@inaza
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What Are The Advantages Of Usage-Based Car Insurance?

August 11th 2022
4 min
by @inaza 2,011 reads
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Usage-Based Insurance (**UBI**) has become one of the most talked-about technologies in the automotive insurance industry. A relatively new type of insurance, UBI allows insurance companies to utilize telematic (telematics) and tracking technology to assess clients’ driving habits. The insurance companies can then analyze this data to determine driver risk and in turn provide their drivers with customized premiums - which for safe drivers, means savings on car insurance. The UBI market is expected to see a 25.1% increase in compound annual growth over the next six years.
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