Personalized car insurance based on driving behavior
Traditional car insurance often lacks personalized premiums tailored to individual driving behavior. Utilizing telematics and artificial intelligence, this startup idea aims to provide fairer and more affordable car insurance rates. By collecting data on driving patterns, speeds, and distances, the insurer can accurately assess risk and reward safe drivers with lower premiums. This innovative approach also encourages safer driving habits. The market size for car insurance globally is estimated to be around $100 billion.
Affordable insurance
United States
