Usage-Based Insurance (UBI)
Usage-Based Insurance (UBI) revolutionizes how insurance premiums are calculated by assessing individual driving behavior. By using telematics devices or mobile apps, UBI offers personalized rates based on factors like mileage, speed, and braking patterns, incentivizing safer driving habits while potentially lowering costs for policyholders. Introduction In today’s rapidly evolving insurance landscape, Usage-Based Insurance (UBI) stands … Read more