Telematics is reshaping the auto insurance industry, which is now starting to use driving behavior instead of demographics to calculate auto insurance premiums. Telematics is a form of vehicle software that combines the features of telecommunications and informatics. This software connects to telematics devices installed in vehicles, including GPS technology, sensors, mobile applications, dashcams and vehicle engine diagnostics solutions.
Drivers are often unclear on how their safety records impact their insurance pricing. This month’s Commercial Risk Advisor newsletter focuses on the impact of telematics on commercial auto insurance and offers guidance for commercial building spring maintenance. Read the whole newsletter here.
If you have any questions about commercial auto insurance or any of your other insurance needs, please contact our East Tennessee insurance office at (423) 292-4142! Voted Johnson City’s best business and auto insurance agency, we will work with you to make sure you are fully protected for the best rates available on the market.
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