Traditional insurance premiums are calculated based on several factors like age, gender, vehicle model and year, driving convictions and claims.
With Ajusto, we added a new "safe driving" factor. As you drive, you get a score that is used to personalize your insurance premium. So by driving safely, you could get a premium reduction of up to 25%. Riskier driving could mean a premium increase of up to 20%.
Here is an example for a $1,000 annual vehicle premium:2
Upon activation with the enrolment discount: the vehicle premium will be reduced by 10% to $900.
At 180 days: the annual vehicle premium will be adjusted by the driving score and possible outcomes could vary between:
a maximum favourable adjustment of 25% bringing the premium to $750
and a maximum unfavourable adjustment of 20% bringing the premium to $1,200.
At renewal and at each future renewal, a new driving score will be used to adjust the annual vehicle premium.
Good to know: nearly 85% of our Ajusto clients are on track to qualify for a better premium.1 With our new program, we hope to maintain and even improve on this trend, so we can continue to do our part for road safety.