Do Usage-Based Insurance or Pay-As-You-Drive-And-You-Save programs save drivers or the companies that offer them money? The answer, is yes, according to Yu-Luen Ma, professor of insurance and risk management. However, the driver, or more specifically, their data, could save individuals even more, says Ma. In her latest study, funded by a $300,000 grant from the U.S. Federal Highway Administration, Ma and her team studied safe driving plans. Read about their significant findings. |