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Clayton Hanley Insurance Blog

All You Ever Wanted to Know About Insurance

Usage-Based Insurance

UBI Offers Many Benefits to You and Others

There are multiple advantages beyond cost savings to you, the insurance industry, and other insured parties when you use usage-based insurance:

  • Motorists tend to be more mindful of their driving, knowing their insurance premiums are dependent on their performance.
  • Insurance companies can better segment risk within their customer base.
  • Drivers generally have more insurance options at their disposal.
  • Safe drivers, especially younger ones, aren’t paying for their peers’ bad driving, and vice versa, poor drivers bear the brunt of insurance costs in a shared pool scenario.
  • Parents can see how their teen drivers are doing behind the wheel and review safe driving tips if necessary.