Insurance Lesson

Telematics

Insurance per-mile is a new way to determine premium for your auto insurance. Typically measured via your smart phone or installed telematics device, your driving is reported back to your insurance company and a new premium is calculated every month. This can mean a lower rate for safe driving and fewer miles, however, the more you drive and also HOW you drive can increase your rates.

Lesson Script

What This Video Covers

Insurance per-mile is a new way to determine premium for your auto insurance. Typically measured via your smart phone or installed telematics device, your driving is reported back to your insurance company and a new premium is calculated every month. This can mean a lower rate for safe driving and fewer miles, however, the more you drive and also HOW you drive can increase your rates.
Keep Learning

Related Insurance Video Lessons

Insurance Terms to Know

Abuse and Molestation Coverage

Abuse and molestation coverage addresses claims alleging abuse, molestation, or sexual misconduct, often subject to special underwriting.