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Increasing cost pressure has led insurers to slow ad spend in an attempt to remain profitable.
Inflation and growing accident frequency & severity are expected to continue pushing up costs for policyholders and auto insurers alike.
The automaker announced it will grow its partnership with Wejo, providers of connected, electric and autonomous vehicle data.
Insurance technology news from Elpha Secure, MEMIC, KOBA Insurance and more.
J.D. Power's Q3 2022 LIST report shows UBI programs are especially popular amongst those with 'poor' or 'fair' credit ratings.
Forty percent of respondents who recently cancelled a policy did so because they no longer found it affordable.
Sixty-one percent of those surveyed about their driving habits told U.S. News & World Report they're guilty of road rage.
According to AAA's research, owners of small sedans and electric vehicles spend the least to operate their cars.
According to J.D. Power and TransUnion's Q2 2022 LIST report, UBI adoption for those offered it has grown from 49% to 65%.
Over 70% of drivers are interested in using connected car data for insurance discounts, but less than a quarter do.
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