What is Telematics Insurance ? | Usage Based Insurance


Traxroot Usage Based Insurance

Telematics insurance is car insurance where a telematics box is fitted to your car. The telematics box (also commonly known as a black box) then measures various aspects of how, when and where you drive.


Usually a telematics box contains
- SIM Card
- Motion or G Force Sensors
- Wireless communication (being introduced recently like bluetooth and wifi)
- And a computer software hosting algorithms, data and to perform number crunching.


For Insurers

  • Increase loyalty of current policy holders & attract new customers
  • Generate revenue via value-added services
  • Lower risk, cost and claims

For Drivers

  • Pay for the kind of driving you actually do.
  • Instant feed back on your driving habits
  • Lower risk, cost and claims

For Automotive

  • Increase loyalty of current policy holders & attract new customers
  • Generate revenue via value-added services
  • Lower risk, cost and claims

Location: New York, NY, USA

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