> For everyone else, this won't reduce the insurance costs at all.
It will likely raise it to subsidize things, somebody else has to pay your premium... Companies are never in the business of making less money.
It will likely raise it to subsidize things, somebody else has to pay your premium... Companies are never in the business of making less money.
"Somebody else has to pay your premium" is really just going to manifest itself as an increase in uninsured motorist premiums. Sadly.
I don't know what this means, but an insurance company can be incentivized to lower premiums as a means to win new business. If an insurance company offered me lower premiums in exchange for monitoring my driving, I might do it. I already have dash cams to ensure I don't get found at fault if it isn't my fault.
1: https://www.forbes.com/sites/adamtanner/2013/08/14/data-moni...
That's just a perfect way to word that. Gonna save that one for later.