sarita patil Submitted 2019-04-05 11:22:50 Usage Based Insurance Market is estimated the US $20Bn in 2017 and is expected to reach US$305Bn by 2026 at a CAGR of 40.58%. Usage-based insurance market pays how you drive. It鈥檚 a way for auto insurance companies to set premium based on how safe driving habits of a driver.
The driving factor for the Usage-based Insurance Market is due to the increase in lower accident and vehicle theft possibilities and detection of stolen vehicles through telematics device installed in the vehicle. High installation cost of telematics and its lengthy process will hamper the growth of the market.
Ostblockfahrzeug Forum
Thema drucken
22.10.2019 07:50
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