Telematics is making its way into companies rating systems. Other future methods of rating will be similar to paying at the pump for coverage that has been proposed in California. Pay as you go may become popular but like all dumbed down systems of rating it is possible to game the system and in time the benefits may shrink to the point it isn’t important anymore.
Sounds like a good way to get a true picture of the risk.
Telematics is making its way into companies rating systems. Other future methods of rating will be similar to paying at the pump for coverage that has been proposed in California. Pay as you go may become popular but like all dumbed down systems of rating it is possible to game the system and in time the benefits may shrink to the point it isn’t important anymore.