Understanding Technology’s Impact On Car Insurance

Most modern vehicles now come equipped with advanced technological features to improve efficiency, safety, and comfort for the driver. The insurance industry has followed the technology trend to make the insurance process far easier. The right insurance company can help save you time and money on your vehicle with comprehensive care. It’s important to understand the technological advancements that the insurance industry is undergoing to see how the changes will affect your premium.

Leibel Insurance brokers have your best interest in mind, which is why it’s our priority to keep you informed on how the technological changes will impact car insurance.

Telematics Systems

Telematics systems are a program that monitors the vehicle using a GPS and diagnostics which record data to determine where a vehicle is, the speed of the car and how it is operating internally. This system functions to keep the driver aware of how safe the car is and you drive to determine how low your insurance will be. Telematics insurance can potentially reduce the driver’s premium based on their driver safety over other factors insurance companies look at such as age, sex, and type of vehicle. These apps also allow a drive to take control of their insurance savings by proving how good of a driver they are. These telematic apps monitor everything from acceleration, hard stops, corning etc. Distracted driving is being phase into telematics to help monitor and control this growing epidemic.

Mobile Apps

There are a vast number of mobile apps that can assist the device user if an accident occurs. Insurance providers have created these apps to convenience and accommodate customers and record important information about the vehicle and accident situation. Making a police report is instantly easier using these apps and insurance providers want to improve and enhance their customer service initiatives as much as possible. Mobile apps are great to have as this allow policy holders to have their policy documents available to them 24hrs a day 7 days a week. It’s also a benefit as some local law enforcement now accept digital pink cards.

Leibel Insurance is a family owned and operated Insurance brokerage operating in Alberta and Ontario. They work with Canada’s top insurance companies to get you the best coverage for your situation. Finding affordable car insurance and motorcycle insurance to protect you is our mission. We work meticulously and thoroughly to make insurance straightforward for you to save your time and money. Don’t wait on switching insurance and get the right insurance to suit your lifestyle today! To speak with Canada’s Top Rated Insurance Brokerage, call us today at 1-866-484-8880.