Saturday, April 26, 2014

Drivers OK with insurers monitoring them

CNBC reports:
According to a new survey, more than half of all American drivers are willing to give insurance companies the authorization to review their driving habits in return for lower insurance rates.

The research, conducted by the Deloitte Center for Financial Services, found that 53 percent of respondents said they would allow their driving to be tracked via a mobile device in exchange for premium discounts based on their performance.

Millennial drivers were the most open to data tracking, with nearly two-thirds of respondents between ages 21 and 29 willing to give up their information. That compares to only 44 percent for those 60 or older.
The end of privacy? We are sure divorce lawyers will have a field day with this.