auto insurance

The Rise of Pay-Per-Mile Auto Insurance: Benefits and Challenges

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person holding black Honda car steering wheel

Introduction to Pay-Per-Mile Insurance Pay-per-mile auto insurance is an innovative approach to insuring vehicles, distinct from traditional insurance models that charge a flat rate regardless of how much a car is driven. Instead, this insurance method calculates premiums based on the actual number of miles driven by the insured driver. The core principle behind this … Read more

Exploring Telematics: The Future of Auto Insurance Pricing

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person holding black Honda car steering wheel

“`html Introduction to Telematics Telematics is an innovative technology that is revolutionizing the auto insurance industry by introducing more personalized and data-driven pricing models. At its core, telematics involves the collection and transmission of data from a vehicle in real-time. This data collection is achieved through several integral components: GPS, onboard diagnostics, and mobile communications. … Read more