PriyaPatel
TLDR:
Automakers like General Motors are sharing consumers’ driving data with insurance companies, impacting insurance premiums based on driving behavior.
Key Points:
- Automakers are sharing driving data with insurance companies, impacting insurance premiums.
- Consumers may not realize that their driving behavior is being tracked and shared.
Kenn Dahl, a careful driver, experienced a sharp increase in car insurance premiums without any accidents or tickets. He discovered that his driving data was being shared with insurers through LexisNexis, a data broker that generates risk profiles for insurers. The detailed report provided to him contained information on every trip taken in his Chevrolet Bolt, including driving distances, times, and instances of speeding, hard braking, or rapid accelerations.
This data, collected by General Motors, is used by insurers to create personalized risk scores for determining insurance coverage. Dahl’s experience highlights the growing trend of sharing driving behavior data with insurance companies, potentially leading to changes in insurance premiums based on individual driving habits.
