Too often young drivers are actively discriminated against based on outdated insurance pricing models. They may be forced to pay excessive premiums and regardless of how well they are profiled (i.e. surveys, outbound calling, etc.) – this has little bearing on current and future pricing. Good drivers, regardless of their age, may end up subsidising bad drivers.
UbiCar’s aim is to change this. Using mobile telematics to inform pricing algorithms, we are able to provide competitive industry premiums using dynamic pricing models that change monthly, not annually. We aim to reward good drivers and change driving behaviours of those that can massively improve and benefit.
Creating Safer Drivers
UbiCar’s technology includes mobile telematics, Internet of Things, mobile sensing and machine learning that aims to improve driving behaviour by reducing phone distraction, hard braking, at-risk speeding and other adverse driving behaviours that lead to unsafe roads.
UbiCar aims to disrupt the Australian car insurance market by utilising state-of-the-art mobile telematics paired with competitive pricing algorithms to benefit end consumers with car insurance that may be fairer, dynamic and based on users’ driving behaviours.
UbiCar is headquartered in Sydney and is a wholly owned Australian company.
The latest UbiCar statistics and press releases for your reference.
UbiCar Data November 2018
Graphics reflecting data collated in November 2018 by UbiCar, detailing UbiCar users’ driver behaviour.