Transportation and technology showing ITS (Intelligent Transport Systems). .. “More consumers are warming to the idea of using a telematics tool to enhance safe driving, while also lowering costs,” Michelle Jackson, senior director of personal lines market strategy at TransUnion, said in a report. “Consumers are shopping for lower premiums, better coverage and superior service from their insurer.” (Credit: metamorworks/Shutterstock.com)

A majority of drivers (67%) are aware that connected cars can capture and transmit telematics data that can result in lower insurance premiums, but just 22% of connected car drivers are using data to unlock car insurance discounts, according to a survey by LexisNexis Risk Solutions.

Among connected car drivers that aren’t leveraging telematics data for insurance purposes, 71% said they would be interested in doing so. Any vehicle with the ability to tap into a wireless network to send and receive data is considered a connected car, according to LexisNexis.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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