The Impact of Automakers Sharing Driving Behavior with Insurance Companies

Monday, 11 March 2024, 09:00

Automakers have started collaborating with insurance companies to share detailed driving behavior data collected from vehicles. LexisNexis, a key player in generating consumer risk profiles, is now able to access insights on driving habits including speeding, harsh braking, and rapid acceleration. This partnership is leading to more personalized insurance rates tailored to individual driving behavior.

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Automakers Partnering with Insurers for Driving Data

Automakers are teaming up with insurance companies to share detailed driving behavior data collected from vehicles. This collaboration allows insights into consumers' driving habits, including speeding, harsh braking, and rapid acceleration.

Consumer Risk Profiles for Personalized Insurance Rates

LexisNexis, a key player in generating risk profiles for insurers, now has access to comprehensive data on every trip taken by G.M. drivers. This data includes information on speeding, harsh braking, and rapid acceleration.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.