Driving APP

Intact Insurance Driving APP for Iphone or Android 

Would you be willing to try out an App that tracks some of your driving habits ? Everyone has a smart phone and the apps that you have on your phone already track your behaviour but don’t save you any money. Two of our main insurance companies Intact and Pembridge have apps that save 10% right away for enrolment. 10% of the average $2000 a year Ontario auto policy is $200 saving. What’s Facebook or instagram paying you again?!
I was surprised at how easy it was, the app runs totally in the background and saves 10% just for trying it. I constantly hear people complain about car insurance rates and how they are good drivers well here’s your shot to put your money where your mouth is. I understand it’s not for everyone but a welcome addition for me and I’ve seen some great results of up to 30% discount per year. Especially during covid when you are driving less it’s a good time to call me today.

What are the Pros of UBI ?

UBI Stands for usage based insurance and it’s how most insurance companies are labeling their driving APPs that can be easily downloaded through the APP store. The pro in my mind is that you can separate yourself from other drivers based on good habits. If you feel like you are a safe driver this will prove it.

Will insurance driving apps increase my rate?

The simple answer is no, the app takes 10% off the standard rate to try it out for 6 months. the maximum discount you can earn in 30% (20% more than the rate you start at). I have personally sold policies with usage based apps for 6+ years and the average discount I see is 15-18% after the 6 month period. Even if you achieved a 0% score which is the lowest possible this would simply put you back at the posted rate without the APP.

How does the insurance driving APP score work?

You start off at 10% below the standard rate i.e. if your annual rate is $2000 then the saving is $200 off the start. Keep in mind the rate you would receive normally is still the $2000, they incentivize you 10% to try the app. after the 6 month period the total discount you earn gets applied against the standard rate. we normally see this discount to be 15-18% on average. The great news is this discount stays on your policy for life. That initial $2000 with the 18% discount example would then bring your rate down to $1640/year 18% lower than the $2000, a savings of $360.

About James:

James is an independent insurance broker who focuses on his client’s needs. In an ever-changing digital landscape that pushes people online for quotes and service James prefers to get to know his clients personally. That’s why we invite you to call James for a conversation about your insurance needs at 647-966-7093. We take time to get to know you and what coverage makes sense for you. With a knowledge of sports this has pushed James to focus on liability insurance for teams, associations, and groups of all contact and non-contact sports. In addition, we enjoy helping clients with web-based businesses learn about the cyber liability risks that are ever increasing.

You will often find James meeting with a client to review their policies wherever is convenient for them; a coffee shop or their place of work. This website includes accessible blog posts, YouTube videos, and a contact page with additional tips for whatever business you may be in. As the landscape changes I encourage you to ask yourself, when was the last time you met with your broker or agent to review your coverage?

Being a part of Canadian Insurance Brokers Inc. has provided me with practical insurance solutions for my clients with a reputable brokerage that started in 1992. We are a full service insurance brokerage of over 40 professionals that provide our clients with a comprehensive line of insurance products including Home, Auto, Life and Commercial Insurance. We have developed a specialty in providing coverage to businesses in Ontario, seeking to provide a wide array of products for: sports groups, retail, digital, etc. This also includes general liability, directors and officers, medical coverage and more. CIBI deals with over 20 of the world’s largest insurance providers, so that we can offer the best value and options to our clients.

To discuss your specific insurance needs, please contact

James Inwood RIBO Licensed Insurance Broker

Email: jinwood@cibi.ca