Imagine – an in-depth critique of your driving with a touch of a button. Smartphone telematics apps are growing in popularity as more drivers try out UBI auto insurance. Read on to learn more about the options available in Canada.
User-based auto insurance is a new technology that monitors your daily driving behaviour, and bases premiums off your habits behind the wheel rather than your demographic group. This can mean big savings for some drivers – but does it pose a privacy risk?
Telematics auto insurance installs technology that monitors a driver’s every move, and rewards better driving with lower premiums. Here’s what you need to know about this new insurance trend, which is poised to take over the Ontario market – and why it’s become a big hit with younger drivers.