If your UBI program uses your phone to track driving behaviors, you need to know how the app works and if it tracks you as a passenger. You also want to know the consequences of opting out of the program. With some programs, such as Nationwide SmartRide, you’ll need to complete a four- to six-month evaluation period, but you’ll keep whatever discount you earn for as long as you insure your car with Nationwide. On the other hand, with programs such as MAPFRE’s DriveAdvisor, you’ll lose the UBI-related discount if you decide to opt out. Overview of Usage-Based Insurance DiscountsConsumers Hesitant About Usage-Based InsuranceUsage-based insurance has become a standard offering for many major insurance companies, but that doesn’t necessarily mean most drivers are ready to sign up.

Source: Daily Sun December 10, 2020 20:15 UTC