Articles Tagged: telematics insurance

What is Usage-Based Insurance, and How Does It Work?

Usage-Based Insurance (UBI) is a new type of auto insurance. In this model, premiums depend on real driving behavior, not just traditional risk factors. Also called pay-as-you-drive (PAYD) or pay-how-you-drive (PHYD), UBI uses telematics. It tracks data like: Distance traveled Driving speed and acceleration Braking patterns Time and location of driving By leveraging real-time driving […]

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