HUK Coburg: Car trips are usually short and slow
According to an evaluation of 528 million car journeys by the insurer HUK Coburg as part of its telematics tariff, most journeys averaged 14 kilometers at a speed of 49 km/h, as reported by the Süddeutsche Zeitung. The tariff, which rewards forward-thinking and sensible driving with discounts of up to 30 percent, is accompanied by a telematics box installed in the vehicle that provides the data. The sensor is located on the windshield and analyzes the journeys of the currently 450,000 insured cars. Data on acceleration, speed, and position are transmitted to the insurer via a smartphone app. Starting in April, accidents are also to be reported. Discounts are granted for defensive and accident-free driving styles. On the analyzed journeys, 7.4 billion car kilometers were covered and 4.7 trillion acceleration points were evaluated.
Currently, 13.4 million vehicles are insured with the market leader in this class. Primarily, digital services such as the telematics tariff are meant to differentiate and complement the portfolio. Recently, a joint venture with the Saarland start-up Neodigital for online car insurance was announced, entry into the used car business was made, and the trendy car subscriptions are also being offered.
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