Usage-Based Insurance

Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
Data collected by your insurer proving you’re a safe driver equates to a lower car insurance rate. Safer driving: Drivers are apt to operate their vehicle more cautiously when they know they’re being monitored, leading to less accidents and violations.
The usage-based pricing model allows a customer to start at a low cost, attracting more customers to get started while still preserving the ability to monetize a customer over time because the price is directly tied with the value a customer receives.

In this section, we have collected the most current articles and reviews on the topic of the Usage-Based Insurance.