Telematics: It’s Not Just for New Business Pricing Anymore

June 3, 2021 by Susanne Sclafane

GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk when quoting new business, researchers say.

In fact, insurers that have used telematics monitoring for limited periods to price new auto insurance business in the past are now offering continuous monitoring to give drivers ongoing control over premiums.