The future is now. The future refers to high tech and user friendly and that is where advances in products are taking us. That includes car insurance. Traditional car insurance, although quite useful when it needed to be, is now being referred to as old style insurance and old fashioned insurance. Advancements in technology and the ability to be user friendly are now in charge and they are not looking back. A new insurance product called telematics pay as you drive car insurance is giving us a glimpse at the future, and the future looks bright.
Traditional car insurance has been around for decades and has played a big role in assisting drivers through hard times after car crashes. That is where service for drivers stops though. With the advances made in technology, car insurance can mean so much more to drivers than just help when they are truly hurting. It can be that and more. It can give the driver a motivation to drive safer if they receive rewards for doing so.
Telematics does just that. It provides the driver a built-in reward plan. By simply driving with safety in mind the driver is able to save money each month.
Telematics involves a small device which is mounted on the inside of the insured car. This device monitors driving habits like speed, braking and how fast corners are taken. When the driver appears to be driving safely, they become eligible to receive valuable discounts off future monthly car insurance costs.
Telematics is bringing the future into focus, and the future looks quite bright.
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