Designing a UBI program for the ‘average Joe’— and anyone else

Many usage-based insurance (UBI) programs for auto typically claim that policyholders can reduce their premiums by sharing their driving data with insurers and practicing safe driving behavior. However, there’s no one-size-fits-all approach to UBI, because the data provided by policyholders and the corresponding value determined by insurers often vary significantly by insurer and program.