Auto Insurance

What You Need to Know about Usage-based Insurance (UBI)

Usage-based Insurance (UBI) is a car insurance coverage that tracks the policyholders’ driving habits through in-vehicle monitoring systems (IVMS). The tracking devices transmit the insurance company’s real-time driving data, such as speed and distance traveled. Thus, the cost of UBI policies is hinged on the actual risk. How Do Car Monitoring Devices and Apps Work?