Hyundai customers to benefit from usage-based insurance
The partnership between Hyundai and Verisk should mean cheaper insurance for consumers.
A partnership struck between Hyundai Motor America and Verisk this week will mean lower insurance premiums for consumers in the future. How? The cars will be equipped with Blue Link, Hyundai’s telematics system, which will record users’ driving behavior. This data is recorded and analyzed by Verisk, which will then provide Hyundai with a driver’s Verisk Driving Score.
“Hyundai customers will have access to their portable Verisk Driving Score, which can lead to discount offers on UBI programs and support driver feedback that helps improve their driving,” said Hyundai Motor America Director of Digital Business Planning and Connected Operations Manish Mehrotra in a statement.
Drivers who opt into the Verisk Driving Score program will be allowing insurers to provide them with usage-based insurance based on metrics like speed, braking and how often the car is in use. This program is available in 42 states and the District of Columbia.
Senior Vice President and General Manager of Verisk IoT/Telematics Saurabh Khemka believes the program will help push insurance towards a brave new future.
“As growing numbers of insurers use the exchange for underwriting and claims solutions, it will help drive evolution within the insurance industry,” Khemka said in a statement.
While the Verisk Driving Score program is new, Blue Link services have been available to Hyundai drivers since 2012. And Blue Link does more than just record your driving behavior. The app can allow you to unlock or lock your doors remotely, find your car, turn on the vehicle remotely, turn on the climate control and also help you recover the car if it’s been stolen.
Blue Link can be accessed in the car via the rearview mirror, as well as a smartphone app or other wearable device.