12-16-2016, 01:13 PM
I know of only one in our market- Desjardins- that has an OBD interface that collects data to gauge driving style. Their program offers discounts only, not penalties, and is very limited (the discounts are capped at a low level). It's a pilot.
But that is exactly what I mean- giving insurers more data and allowing them to charge according to the risks the data suggest would penalize the driving habits you described above. But right now, in Ontario, giving insurers those ability would be met with an outcry.
But that is exactly what I mean- giving insurers more data and allowing them to charge according to the risks the data suggest would penalize the driving habits you described above. But right now, in Ontario, giving insurers those ability would be met with an outcry.