Automakers Are Sharing Consumers' Driving Behavior With Insurance Companies
Car insurance premiums increase based on detailed driving behavior data collection from vehicles like Chevrolets.
- Bilawal Riaz
- 1 min read
Kenn Dahl, a careful driver from Seattle, was surprised by a 21% increase in his car insurance in 2022, despite his clean driving record. This increase was attributed to a detailed 258-page report provided by LexisNexis, a data broker, outlining specific driving behaviors based on data collected from his leased Chevrolet Bolt. The report created a risk score used by insurers to personalize insurance coverage. The information, sourced from General Motors, included trip details such as distance, time, and driving habits, with eight insurance companies requesting this data for evaluating insurance premiums.