Amazing Innovations in Auto Insurance that you will Love The revolution that the automotive industry is going through is amazing. The technology forces are giving rise to disruptive trends such as electrification, diverse mobility and autonomous driving, changing the way we travel fundamentally. It comes as no surprise, therefore, that Auto insurance itself is going through a transformation and is ripe for disruption.
Auto insurance providers are increasingly using technology to cater to customer expectations - more convenience, more personalized services and more solutions for the changing transportation methods and risk profiles. We, at Texas P&C Insurance Agencies, follow these trends closely so that we can provide you the right product advise when it comes to purchasing Auto insurance. In this article, we are highlighting three of these innovative trends that have already found their way into the insurance market. 1. Shift towards risk prevention by focusing on improving driving behavior Telematics or Usage based insurance products have been in the market for a while. Instead of determining price by evaluating risks based on past events, these products take a proactive approach and price the risk based on real time information about how and where you drive. This trend is now progressing, and the focus is now moving from cost proposition to improving driving behaviors and prevent accidents. Insurance companies
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