Save money on your car insurance premiums with UBI in McKinney, Texas.
Are you scraping by with the bare minimum of necessary auto insurance? If you are a safe driver who’s taken advantage of every available discount and are still looking to shave a few more dollars off your monthly premiums, then usage-based car insurance (UBI) may be the perfect option for you!
Usage-based car insurance can also be known as telematics, GPS car insurance, black box insurance, and pay-as-you-drive insurance. Either way, this is a system that tracks your driving habits and behaviors, collects the data, and uses that to calculate your premiums.
The UBI program works by you allowing you insurer to install a small device in your car. This box monitors your driving and sends the data to the insurance company which is then evaluated to determine if your premiums need to be increased or decreased. You can also access the data yourself for a reflection of your driving and any habits that you can work to improve.
It typically monitors things such a number of miles that you drive, when you do your driving, and behaviors such as speeding, hard braking, sharp cornering, and jack-rabbit starts. That statistical data is used to access if you are a risk or liability as a driver. If you show signs of these behaviors, your insurance premiums are likely to hike up in price. Do note that the device does not recognize who is driving the vehicle, so you may not want to let your elderly parent or teenage child regularly drive the car.
If you are a safe driver with a good driving record, usage-based car insurance may be a way to instantly slash your costs. For this type of auto insurance policy, contact Gant Insurance in McKinney, Texas today!