Will technology data outweigh age/location for auto insurance pricing?

[Oliver Jones]

As telematics and safety data become more common, will these factors be more important than traditional ones, such as age and location, in setting auto insurance rates?

[Mark]

Telematics and safety data are becoming increasingly important for determining auto insurance rates, even more so than the usual factors like your age and where you live. By tracking real-time driving behaviors, such as your speed and how hard you brake, insurance companies can develop pricing that better reflects your actual risk on the road. This way, if you drive safely, you might receive lower premiums. It represents a significant shift towards using data to create a more personalized experience for drivers.