"The pay-as-you-go model allows insurers… to more accurately price premiums based on kilometers, and create a new paradigm with policyholders — emphasizing and recognizing each as an individual and building real-time policies that fit around their lifestyle and need, as opposed to traditional insurance that views and prices policyholders in bulk," Octo Telematics CEO Nino Tarantino said in a press release about his company's new partnership with CAA Insurance Company. (Photo: Shutterstock)
Octo Telematics has been selected as the telematics provider of choice for CAA Insurance Company's new CAA MyPace™, a pay-as-you-go insurance program offering Ontario's CAA policyholders a way to pay for, reduce and manage auto insurance premiums if they drive less than 9,000 kilometers per year.
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