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Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies
LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly.
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Crazy how automakers are sharing our driving data! Feels like a privacy breach, even if it helps insurance companies. Wonder if they’ll start using it to generate Leads for Life Insurance too—kind of scary how far this data goes.
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The collaboration between automakers and insurance companies, highlighted by LexisNexis, raises significant concerns about privacy and consumer rights. By sharing detailed driving behaviors, such as speeding or hard braking, insurers can create precise risk profiles, potentially leading to higher premiums for drivers with riskier habits. While this data can enhance risk assessment and promote safer driving, it also underscores the need for transparency and consent regarding how personal information is collected and used. Consumers should be informed about these practices and empowered to make choices about their data and insurance coverage. https://theaim.ca/motorcycle-insurance-costs-in-ontario-2024/ bike insurance rate
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