Internet Marketing Company
Usage Based Insurance (UBI) Offers Numerous Financial Benefits
Wednesday, May 22, 2019 12:15 PM
LOS ANGELES, CA / ACCESSWIRE / May 22, 2019 / Compare-autoinsurance.org has launched a new blog post that explains how drivers can obtain cheaper car insurance with the help of usage-based insurance programs.
For more info and free online quotes, please visit: https://compare-autoinsurance.org/top-advantages-of-usage-based-insurance/
In the past years, usage-based insurance programs have become more and more popular among drivers that want to obtain large discounts in a fast manner. Also, an increasing number of insurance companies are offering these types of programs. Usually, a small telematics device is installed inside the policyholder's vehicle. This device will record data about driving habits and send them back to the insurer.
The benefits of usage-based insurance are the following:
- Discounts for good drivers are obtained really fast. Typically, insurance companies need to analyze years of driving history before granting a discount. However, with the help of usage-based programs, drivers can gain a discount after several months of monitored driving.
- Drivers can immediately obtain the low-mileage discount. The telematics device is constantly monitoring the driving habits of a driver, and if he drives fewer miles than a certain limit, he will be rewarded with a low-mileage discount.
- It encourages drivers to adopt safer driving habits. Knowing that they are closely monitored by their insurers and every bad driving habit they have can lead to a premium increase, will determine drivers to have better driving habits.
- It helps authorities to investigate accidents. Data like speed and the direction the car was traveling, airbag deployment and hard braking are recorded moments before an accident happens. These data can help investigators to find out what happened.
- It helps the authorities to track a stolen vehicle. All telematics devices come installed with tracking technologies that can help authorities to recover a stolen vehicle.
- Cheaper insurance for teen drivers. Enrolling in a usage-based insurance program is one of the few methods that can help teen drivers pay less on their car insurance.
For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
"Drivers who want to obtain large discounts in a fast manner should consider enrolling in a usage-based insurance program.", said Russell Rabichev, Marketing Director of Internet Marketing
Contact: [email protected]
SOURCE: Internet Marketing Company