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Telematics-Based Scores Drive More Precise Ratings

Telematics-Based Scores Drive More Precise Ratings

LexisNexis® Telematics-Based Driving Score With shifting expectations from both insurers and consumers, the auto insurance industry is evolving. Insurers want as much information as possible about all the variables that provide a clearer picture of risk propensity when quoting or renewing an auto insurance policy. On the other hand, consumers demand a more streamlined and personalized experience in exchange for sharing their data. Prospects as well as existing customers want to make sure they’re quoted a fair premium and receive any applicable benefits they can receive based on their good driving behavior.

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