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Telematics devices have enjoyed an upwards arc trajectory and are becoming increasingly popular in the auto insuranceindustry. This technology allows insurers to give customers usage-based insurance (UBI) coverage. Telematics monitor driving habits and vehicle use, meaning customers only pay for what they use and get discounts for good driving practices.

https://www.shopinsurancecanada.ca/blog/news/why-telematics-are-potentially-the-next-big-thing-for-auto-insurance/