{"id":580,"date":"2021-10-18T09:53:10","date_gmt":"2021-10-18T13:53:10","guid":{"rendered":"https:\/\/elliottinsuranceservices.com\/blog\/?p=580"},"modified":"2023-02-21T09:59:39","modified_gmt":"2023-02-21T14:59:39","slug":"what-is-telematics-how-can-it-save-me-money","status":"publish","type":"post","link":"https:\/\/elliottinsuranceservices.com\/blog\/2021\/10\/18\/what-is-telematics-how-can-it-save-me-money\/","title":{"rendered":"What is Telematics & How Can it Save Me Money?"},"content":{"rendered":"
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You may have seen advertisements about insurance companies monitoring your driving habits and then giving you a discount on your auto insurance policy as a result of your good driving habits. All of these auto insurance companies have different names for their discount or tracking devices, but they are all grouped together under the terms Telematics or Usage-Based Insurance.<\/p>\n\n\n\n

Telematics can absolutely save you money on your auto insurance if your insurer offers the program. There will be some insurers that will offer up to 25% savings on specific coverage categories on your policy. When the savings can be that good, you might be asking yourself if there is a catch?<\/p>\n\n\n\n

There really isn’t any big glaring issues or problems opened by using these programs that are offered. At the time this article was written, these programs are 100% optional and the customer must opt-in to the program. Some people will have privacy concerns and it’s a great question to ask the insurance company offering the program. Other users will have concerns about being punished for circumstances outside of their control.<\/p>\n\n\n\n

Our aim with this article is to inform people about telematics and to point out the good and the bad with these discount programs. We will also try to answer the most common questions regarding these types of driving tracking devices so that you can make an informed decision.<\/p>\n\n\n\n

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