Tag: usage based insurance

Mojo, an App That Can Reduce Distracted Driving

What do you do while driving? I know I don’t always pay attention like I should. I may be having a conversation with one of my assistants or answering a client’s questions about their policies. I check email and text messages at lights, confirm directions if I’m headed to someplace for the first time, and listen to books on Audible. I guess this means I’m driving distracted, and I know I’m not the only one. But there’s a new app from TrueMotion that may make each of us a better, less distracted, driver.

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5 Car Insurance Trends for 2018

According to Ted Gramer, CEO of TrueMotion, a mobile telematics firm in Boston, the most seismic shift in car insurance since it began over 100 years and it’s occurring now. Gramer wrote an article on the 5 car insurance trends he sees either beginning or unfolding this year. The article was published by Insurance Journal and provides some interesting insight into changes many consumers will find interesting, refreshing, and possibly long overdue. I think his observations are worth sharing here.

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What Is Usage Based Car Insurance?

What is usage based car insurance? It’s one of the most talked about changes in car insurance these days. It’s based on a pay as you go approach for car insurance pricing, which is much different from how car insurance has been priced. Insurance companies who provide usage based insurance, or UBI, are looking for safe drivers who don’t drive a lot and don’t mind having their driving monitored.

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Usage Based Car Insurance

When I talk with someone about Texas car insurance I cover a number of items with them including the kind of vehicles they have, who drives which one, and how the cars are driven (see http://50.87.248.161/~wiseinsu/what-type-of-driver-are-you/). Add to this data a person’s credit or insurance score along with their accident and ticket history and I’m able to provide any Texan with an accurate car insurance quote.

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