Smart insurance is the implementation of the Pay-as-you-drive principle. In Europe this type of insurance has existed for more than 10 years. Experience has shown that the service is really in demand among transport owners.
The advantage of the smart insurance service is to provide vehicle owners with individual rates, depending on the driving style and mileage of the vehicle.
Driving quality data is collected over a period of time using a special navigation and communication device installed in the vehicle.Smart insurance helps car owners not only to save a lot when drawing up an insurance policy, but also to resolve disputes when an insured event occurs. The insurance companies, in their turn, get an opportunity to "profile" their customer base and develop more target-oriented rate plans.With the help of discounts the insurance company motivates drivers to be more careful and disciplined, which increases traffic safety and reduces the costs of insurance companies.