Tag: telematics

Tell me if you’ve heard this one before: The insurance market is hardening. Policy rates are going up and independent insurance agents need to help personal lines clients manage those impending increases. However, the story has changed in recent years—through telematics. Some independent insurance agents may be skeptical. That’s to be expected. Many have been hesitant … <a title="How Telematics Can Mitigate Personal Auto Hard Market Pricing" class="read-more" href="https://americanheritageins.com/how-telematics-can-mitigate-personal-auto-hard-market-pricing/" aria-label="Read...

When most fleet managers think of telematics, the first image that likely pops up is a digital map with dots showing where their vehicles are at any specific time. “While many fleets have realized the benefits of location tracking, the most successful telematics deployments are those that go beyond GPS. Telematics sits at the heart … <a title="Top 14 Benefits of Telematics Beyond Tracking" class="read-more" href="https://americanheritageins.com/top-14-benefits-of-telematics-beyond-tracking/" aria-label="Read more about Top...

In its broadest sense, telematics is the joining of two sciences—telecommunications, a branch of technology including phone lines and cables, and informatics such as computer systems. Today, the term is commonly used in reference to the telematics solutions utilized in commercial fleet vehicles. According to Gartner, wireless telematics devices and “black box” technologies collect and … Read more

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Among the myriad changes triggered by the Covid-19 pandemic is the sharp spike in a form of auto insurance that can greatly reduce premiums, especially for the millions of drivers who no longer commute since they’re now working from home. It’s called usage-based-insurance, or UBI. Rather than set premiums, rates are based on driving habits … <a title="COVID Sparks Spike In Usage-Based Car Insurance" class="read-more" href="https://americanheritageins.com/covid-sparks-spike-in-usage-based-car-insurance/" aria-label="Read more about COVID...

If I were to suggest that you allow your auto insurance company to track your driving habits, you might say, “no way, I don’t want to be tracked!” But, if I were to tell you that by allowing your insurance company to track your driving, you might be eligible for a discount on your premium, … <a title="Usage-Based Insurance and How it Can Save You Money on Your Auto Insurance...

You may have noticed a lot of buzz about driving analytics lately, and for good reason. Driving analytics are primed to change the way vehicles and drivers are insured, and even conceivably change the way individuals drive, for the better. What is Driving Analytics? Also referred to as telematics, driving analytics tracks driver data like … <a title="10 Ways Driving Analytics are Affecting Insurance" class="read-more" href="https://americanheritageins.com/10-ways-driving-analytics-are-affecting-insurance/" aria-label="Read more about 10...