Recent Surveys by Research Firms indicate a Strong inclination toward Usage-Based Insurance

The trend of car-pooling, ride-sharing, and telematics has caused a paradigm shift in the usage-based insurance (UBI) industry. Accurate and real-time data collection, low fuel consumption, and flexible insurance premiums create an upsurge in the industry. Moreover, technological advancements and low possibilities of accident & vehicle theft have driven customers to look into it. As insurance costs are based on driving habits including speed, time of delay, miles driven, and others, drivers who opt for UBI can save money by saving amount of premium.