The survey also identified telematics-based insurance programs that are of most interest to consumers. The number one item on the list are empowerment programs that give drivers control over their insurance rates and the opportunity to understand and modify their own driving behavior. People were not as fond of programs that focused solely on discounts.
The Telematics Survey found that:
- Over 57% of policyholders are comfortable sharing information about events that led to traffic accidents with insurance companies. 57% of policyholders also believe that auto insurance rates should be determined by actual GPS vehicle tracking driving data.
- Only 29% indicated they were comfortable with social networking sites storing personal information such as messages and photos posted on websites.
- 80% of policyholders believe that tailgating should impact rates.
- 59% of policyholders believe that miles driven per year should be used to determine rates.
- Over 50% feel that minor speeding infractions (5 mph over the speed limit) should not affect rates.
Telematics in automobiles provide a variety of navigational and emergency services to motorists, especially GPS systems. Some insurance companies are beginning to use data collected from telematics enabled GPS systems to correlate driving behavior with insurance rates.
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