Are usage based insurance discounts sustainable? Maybe not. According to a 2015 study on usage based insurance by LexisNexis, there’s something else that drivers want more.
It started with just a few innovative brands, changing the way insurance was done. But now, usage based insurance has taken the industry by storm. ABI Research projected that telematics subscriptions will make a mind-blowing leap from 5.5 million in 2013 to 107 million in 2018.