Usage Based Auto Insurance - The Main Benefits of Telematics

LOS ANGELES, Dec. 8, 2017 /PRNewswire-iReach/ -- Lowcostcarinsuranceprice.com has released a new blog post explaining how usage based auto insurance works and what benefits it offers.

Telematics auto insurance is becoming a popular way of determining coverage costs. Black box insurance allows insurance agencies to analyze the client's driving patterns and determine car insurance premiums based on how well and safe someone drives. This is done by having a black box installed on the dashboard, at no extra cost.

The black box gives an agency access to a lot of information about how the applicant drives. The black box collects information about the speed at which the car s driven, how often the driver uses the brakes and the hours at which he/she drives. All of these details will have an impact on auto insurance premiums.

What data the does the agency receive?

These wireless devices transmit data in real time back to insurers, such as:

  • Driven miles per day
  • Time of day or night when you drive
  • Where you drive the vehicle
  • If you rapidly accelerate, rapidly decelerate, and/or take corners hard
  • If airbags are deployed fast enough

Furthermore, telematics auto insurance can make the process of claiming benefits more transparent as all the details will be available to both parties. Insurance fraud will be more difficult to cause and agencies will have to pay benefits if the situation demands it.

Drivers can find more information about usage-based auto insurance by visiting http://lowcostcarinsuranceprice.com.

"Black box auto insurance can be an advantageous policy. Finding the right car insurance policy means comparing online quotes," said Russell Rabichev, Marketing Director of Internet Marketing Company.

Lowcostcarinsuranceprice.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://lowcostcarinsuranceprice.com.

Media Contact: Russell Rabichev, Internet Marketing Company, 800.475.3410, russell@internetmarketingcompany.biz

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SOURCE Lowcostcarsinsurance.com



2018

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Automotive, Transportation, Trucking & Railroad, Computer Electronics, Web Site, Banking & Financial Services, Insurance



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