Some insurers, in their never-ending effort to more accurately measure risk, have found that drivers can help—and in the process, maybe save themselves a few bucks.
A relatively new tool is becoming more and more common in the automobile-insurance underwriting realm: pay-as-you-drive, or usage-based programs.
By using these types of telematics programs, which place in customers' cars an electronic device that records driver-performance data, insurers are hopeful they can better match price to risk, developing customized premiums for drivers.
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