X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A Clearsurance study of more than 160,000 insurance customer reviews found that the average rating for reviews mentioning telematics is 4.2 out of five possible stars. Such glowing reviews suggest insureds appreciate the benefits of telematics solutions. Yet, many commercial lines agents are missing opportunities to help their customers optimize fleet performance and boost sales by failing to discuss telematics with auto clients, says findings from Nationwide’s Agent Authority survey.

Nationwide’s study of 1,600 agents, mid-market business owners with fleet vehicles, and consumers found that fleet owners are more supportive of telematics than agents realize and are willing to pay more to track unsafe driving behaviors. In fact, 93% of business owners said they’d pay to ensure a safer driving experience, with the majority stating they’d pay between $20-$39.99 per month per vehicle.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.