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InsurByte Conference

How IoT will change auto insurance

May 23, 2017

 

 

 

Source: IoT Agenda  

 

To determine policy premiums, auto insurers have traditionally used factors such as driving record, vehicle usage and insurance history. This is in addition to outside variables like customer location (collision/theft rates in the area), age and gender (teen males tend to have higher rates), and non-driving elements like credit score.

 

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