Auto insurance

V2X is a perfect tool to secure insurer’s interests. V2X technology can help insurance company to pricing more fairly and earn more profits. The drivers who drive unsafely will be charged with higher premiums if insurers can adjust their price with more detailed user data. This kind of Usage-Based Insurance (UBI) is a V2X based insurance product. V2X devices will track driver behavior and report the details to the insurer. All the related information, including acceleration, braking, speed during turns, miles driven, frequency of driving, time of day will reduce risks for insurers and reduce premiums for customers at the same time.