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Find out how this trend is reshaping the insurance industry and what it means for your premiums and privacy alike. spaxiax / Shutterstock.com
How much do you value privacy? Consumers are looking for ways to save money on auto insurance as premiums rise rapidly, and that’s driving more people to consider insurers’ (controversial) programs that offer savings if you agree to share driving data from a phone app or an in-vehicle device. Usage-based insurance (UBI) programs, also known as telematics insurance, have a fairly simple premise…
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