I love Canada, and I feel very fortunate to be a Canadian, but like many new and progressive ideas or strategies, this one did not start in Canada. It’s new to us, but that does not mean that it’s new…or spooky. Telematics refers to monitoring of vehicle driving habits or ‘usage based insurance’ which has been used in Europe and the U.S. for quite some time now.
By plugging in a small (match-book sized) device into the diagnostic port in your car, this small but mighty device can gather tons of info about your driving habits. DAILY, I hear complaints, theories, and questions about how insurance rates are calculated, and why it isn’t “fair” that just because someone lives in a ‘high risk’ area or drive a ‘high risk’ car that their insurance rates should reflect this. After all, they are a PERFECT driver, and don’t want to be labeled or defined by their postal code…fight the power, hippies. This could be the chance you’ve been waiting for to take control!
This is your chance! For the first time, companies in Canada (Intact and Desjardins) are offering you the chance to lower your insurance rate by proving to them you are a good driver. The long and the short of it is you plug this thing into your car, it monitors your hard breaking, fast accelerating, and time of day driving (insurance company stats show driving between midnight and 4am is accident time). This info is owned by you, and can be accessed by you at any time. Login, view your usage, and see what discount you’re on track to receive. Easy.
Too ‘big brother’ for you? Then pass on it you conspiracy theorist. No biggy.