Recent reports indicate a significant rise in auto insurance rates, with some drivers experiencing increases as high as 50%. This surge is attributed to the detailed analytics collected by car manufacturers on driving behaviors, which are then shared with insurance companies. Notably, cars built in the last decade are equipped to collect and potentially share a wide range of data about their owners. Companies like General Motors, Ford, and Honda have been identified as among those whose vehicles collect such data. Seattle businessman Kenn Dahl experienced a 21% hike in his auto insurance costs last year, a situation he found surprising until his insurance agent linked the increase to the analytics gathered on his driving. LexisNexis, a data analytics firm, produced a 258-page dossier on Dahl and his wife's driving activities over six months. This practice of selling car data to insurance companies and data brokers like LexisNexis has sparked legal actions, including a lawsuit by a Florida man against G.M. and LexisNexis for selling data collected from his Cadillac.
Data brokers like LexisNexus are buying people's car data directly from manufacturers, such as General Motors, which are making a killing by selling it off. https://t.co/znO1PPx1Sg
Cars can collect and share an abundance of data with insurance companies, advertisers, and others. It can seem impossible to figure out what your car is sharing, but it is possible with a little effort (and a lot of patience). Here’s how. https://t.co/19kVmYRrsp
Automakers Are Telling Your Insurance Company How You Really Drive https://t.co/npZTjmGRAS
Why auto insurance costs are rising at the fastest rate in 47 years https://t.co/vG51nO0yzK by @Pras_S
Florida Man Sues G.M. and LexisNexis Over Sale of His Cadillac Data https://t.co/w2CDSXgsiY
BREAKING I reported a couple of weeks ago that insurance rates were exploding way above CPI inflation Well It's here. https://t.co/vjQf7AVTpz
LexisNexis, a data analytics firm, produced a 258-page dossier spanning six months of driving activities for Mr. Dahl and his wife. https://t.co/jOD2v6yPx1
"I was taken aback when my insurance agent linked the hike in rates to the detailed analytics gathered on my driving," Mr. Dahl told The Times. https://t.co/jOD2v6yPx1
For instance, Seattle businessman Kenn Dahl, 65, found himself caught in this predicament when his auto insurance costs skyrocketed by 21% last year, The New York Times reported. https://t.co/jOD2v6yPx1
Drivers who own cars from top manufacturers like General Motors, Ford and Honda are experiencing a rise as high as 50% in their auto insurance rates. https://t.co/jOD2v6yPx1
If your car was built in the last decade or so, it's probably collecting and potentially sharing all sorts of data about you. Here’s how to figure out what that might include: https://t.co/19kVmYRZhX