A new survey reveals consumer frustration with auto insurance pricing models and growing support for more transparency in how policies are priced and for telematics.
The new research from mobility data and analytics company Arity suggests that drivers who feel that their auto insurance premium doesn’t reflect how they actually drive have plenty of company.
In a survey of 1,000 U.S. drivers with characteristics that may impact insurance access – such as lapsed coverage, traffic violations, or low credit scores – Arity uncovered a recurring theme: Many feel penalized by traditional proxies of risk.
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