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The value of the global UBI insurance market is expected to grow to between $190 billion and $300 billion by 2026.
The automaker announced it will grow its partnership with Wejo, providers of connected, electric and autonomous vehicle data.
Over 70% of drivers are interested in using connected car data for insurance discounts, but less than a quarter do.
How do you insure a vehicle that drives itself? The answer for level four autonomous vehicles may lie in a split UBI policies.
Customers aren't happy about auto rate increases, but have found value in usage-based technology and transparency from their insurers.
Depending on where you live, the impact of the current inflationary boom could be more or less severe.
Data can be leveraged in ways outside of directly lowering premiums to reward good drivers.
The findings highlight an opportunity to better educate policyholders on the potential of usage-based insurance.
Aesthetic treasures and engineering marvels, luxury autos typically carry heftier insurance rates because of their refined features.
In addition to tech, carmakers' vertical integration of the entire ownership experience could shake up the auto insurance space.
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