Octo Telematics: UK Telematics Users Save Over £160 million on Car Insurance Premiums in 2017
Telematics insurance policies are growing strongly across the
The increased adoption of telematics could not be more timely for cost-conscious motorists. Including the record rises in insurance, 2017 saw a number of events which made this year the most expensive year yet for car owners. The last twelve months have seen tax changes increasing expenses for diesel drivers and other fuel price increases throughout November and in the run up to Christmas.
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Notes to editors
About Octo Telematics
Octo is the number 1 global provider of telematics and data analytics solutions for the auto insurance industry. Founded in 2002, Octo is one of the pioneers of the insurance telematics industry. Today, Octo is the largest and most experienced insurance telematics company in the world, transforming auto insurance through behavioral, contextual and driving analytics for more than 100 insurance partners.
Octo has more than 5.3 million connected users and the largest global database of telematics data, with over 175 billion miles of driving data collected and 433,000 crashes and insurance events analyzed (as of 30
Octo applies proprietary algorithms to this market-leading database to deliver powerful new insights into driver risk, informing solutions that benefit both auto insurance companies and policyholders.
The company is headquartered in
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Octo Telematics
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Source: Octo Telematics
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