Car insurance companies in Montreal are going digital and are using telematics technology programs to customize prices based on a customer’s driving habits and patterns. Most insurance carriers offer incentives and rebates to participate in these programs, which are all offered through mobile applications. The technology collects data on:
How fast you accelerate
How hard you break
How you follow speed limits
What time of day/night you drive
How much you use your cell phone while driving
Your insurance price may increase or decrease based on this data. Consider that this is the first time in the history of auto insurance where the consumer can be in control of how much they pay!