In a great many cases, insurance rates drop. Sometimes quite sharply. I've seen as much as a 50% drop.
Auto insurance is inevitably surveillance capitalism. Insurers always look at aspects of life your life and behavior to establish your risk profile. Age, employment, the kind of car you drive, your driving record, and more all have a measurable impact on your risk.
Telematics mostly makes things cheaper for good drivers. It also sometimes gives insurers a chance to try to nudge drivers towards safer behaviors, both through direct messaging and through higher prices for drivers with higher-risk behavior. Whether this is a good idea or not is a personal question, though for my own part I tend to think that underpriced insurance for operators of heavy machinery is not a human right.
Auto insurance is inevitably surveillance capitalism. Insurers always look at aspects of life your life and behavior to establish your risk profile. Age, employment, the kind of car you drive, your driving record, and more all have a measurable impact on your risk.
Telematics mostly makes things cheaper for good drivers. It also sometimes gives insurers a chance to try to nudge drivers towards safer behaviors, both through direct messaging and through higher prices for drivers with higher-risk behavior. Whether this is a good idea or not is a personal question, though for my own part I tend to think that underpriced insurance for operators of heavy machinery is not a human right.