Smart cars, smart phones and auto insurance
Will smart phones make a difference in auto insurance rates?
This is something, which will be decided once the smart phones become a feature in smart cars. Insurance companies like to gathere data in order to give discounts or reduce rates. Hence the guess would be that it may not have an effect intially or it may increase the rates and than reduce them based on driver behaviour.
What would be done to ban the use of smart phones when driving? Would hands free make a difference or would they cause distracted driving with your attention divided on the phone and driving? Lots of questions to be answered.
Smart cars and smart phones- auto insurance.
The interest in Internet technologies are rising to new levels using the news today that by 2016, 92 million automobiles will feature technology to integrate mobile phones into cars, according to a different report by Juniper Research, predicting smartphone-automobile integration as “all but standard” within 5 years.
Although insurance companies might find certain natural risks, like the possibility of a rise in distracted driving occurrences, the advantages come in the technology’s capability to deliver commercial Telematics.
Commercial telematics, driven by its possibility to increase driving efficiency and manage insurance charges, is gradually making its distance to the, and mobile ease of access is really a germane dovetailing pursuit. Based on the report, with car manufacturers in a position to include new methods for example MirrorLink in the Connected Vehicle Consortium that integrate mobile phones and permit them to become modems, the symbiotic relationship between telematics and smartphone integration is done-each encourages the implementation from the other.
New methods being produced by an growing quantity of car manufacturers enable mobile Internet, smartphone applications and content access across the plethora of automobiles they sell. Additionally, Juniper notes growing sophistication within the ways telematics can be used: Fleet managers may use telematics to improve fleet efficiency, adhere to rules and monitor driver behavior, while gamers will also be using the energy from the cloud and internet sites to boost the help they provide.
“Integrating the smartphone into consumer cars signifies a brand new route for mobile Internet and infotainment to go in the automobile,” states report author Anthony Cox. The report notes the primary inhibitor with this type of telematics is going to be limited development in the automotive market within the next 5 years, specifically in developed regions.
Indeed, while several insurance providers are testing we’ve got the technology, based on the report, insurance telematics remains in the infancy with many common commercial use not happening until a minimum of 2014.