Interesting data like Accelerator Handle position, you can figure out how much a rider is really cranking it, and how aggressive they are riding.
There will probably always be a "premium" market for no-questions-asked insurance, but if the company can give me a break on my rate based on my driving behaviours correlating to a lower incident likelihood, I'll happily take that break. Even better if such measures correspond to drivers across the board adjusting their habits now that it hits them directly in the wallet.
My concern is that it's a tragedy of the commons type situation: this normalizes data surveillance. We have no idea exactly what data the device is transmitting, and what the insurance company will do with that data. Regulations protecting this data are weak-to-non existent.
With everyone's budget being stressed, people are quick to trade a few dollars to sacrifice privacy, and then this technology is being mandated everywhere.
On the other hand, I suppose I'm a bad person to make this argument since I actually dislike personal automobiles for a whole host of reasons, so I'd just as soon get back my privacy by walking, cycling, and using mass transit.
Further, none of this matters all that much if you have a straight liability only policy, since that's based on liability of damages and not replacement property values.
These devices make very little sense to me and I'd be curious to know if anyone has any data that the presence of these devices is having any impact whatsoever.
in Boston.
it basically broke me and my driving sanity for 6+ months and made me a really worse driver for a while, maybe permanently?? and my rate basically didn't change at all.