Wednesday, 12 August 2020 18:44

Honda App Links Feedback on Drivers to Insurance Carriers Via Verisk

Written by Jim Sams, Insurance Journal


“Thus, participants who learn that they have a low driving score may not receive discount offers at all based on the UBI data, and if they receive an offer and pursue it, they would only be sharing their personal info with the insurer which made the offer, not all participating insurers,” Martin explained in an email.


Drivers that do share their information will receive promotional messages within the HondaLink and AcuraLink mobile apps from participating insurers if their driving qualifies them for discount offers, said Verisk spokesman Joseph Madden in an email. Drivers have the option to opt out of this feature and/or data sharing at any time within the mobile app.


The app essentially offers a shortcut to the usual process of buying usage-based insurance, where drivers have to install equipment and wait a few weeks while the insurer monitors their driving habits.


“When there is sufficient data in the Exchange and the driver also consents to sharing their data with an insurer, the insurer may make a request and instantly receive a driving data package from the Exchange to calculate a discount immediately,” Madden said. “From the customer perspective, there is no monitoring period post-quote as there is with UBI programs that rely on third-party hardware or mobile applications. This approach also provides consumers with portability of their data.”


The app is available only to Honda and Acura owners who currently subscribe to HondaLink or AcuraLink or subscribed to it in the past. Martin said drivers who discontinued their subscription to HondaLink and AcuraLink are allowed to continue using some free features. He said the Driver Feedback app will be added to those free services for use by former subscribers.


The app is available only for “connected” Honda and Acura models that are able to link up with the internet of things.


We thank Insurance Journal for reprint permission.

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