Automobile Usage-based Insurance

Automobile Usage-based Insurance


Usage-based insurance is a proof-supported evaluation method for insurance companies to calculate a fair pay for drivers based on their driving records and driving behaviors. Insurance calculation is no longer simply based on the biophysical characteristics of drivers, such as age or gender, but through monitoring direct risk factors such as driving habits, length of driving time, and commonly travelled routes and locations. Automobile UBI tracking system is able to provide realistic driving record and data which can be linked with emergency response units and automobile traffic system to provided an integrated traffic and response platform for monitoring driving and route safety.