X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
For consumers that could be persuaded to try a telematics plan, saving money was the biggest draw. Drivers said they would also be more interested if data security was guaranteed and if the program could make them better drivers. (Credit: Metamorworks/Shutterstock.com) For consumers that could be persuaded to try a telematics plan, saving money was the biggest draw. Drivers said they would also be more interested if data security was guaranteed and if the program could make them better drivers. (Credit: Metamorworks/Shutterstock.com)

While 52% of motorists think it is fair to base auto insurance rates on driving behaviors, 41% said they were unfamiliar with telematics applications for insurance, according to The Zebra.

Broken down by cohort, Gen Z is the least likely to know about telematics and older Gen Xers (45-54) are the most likely to grasp the technology. However, Gen X is also the least willing to select a telematics-based insurance policy.

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?

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He 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
Live Chat

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