While most drivers we talk to are enthusiastic about telematics insurance or behavior-based insurance products, we often encounter significant concerns about personal data privacy. When you drill down into what these privacy concerns are, it is possible to summarize them into three general questions:
So, this means that we have to answer the third question raised by drivers above. That is, how is the data that Allegory collects from a driver going to be used against them? Or simply put, what’s the catch?
So, what's the catch?
However, what if your driving score determines that you should be potentially charged more for insurance or that you’re not eligible for certain rewards? This is a fair question, but we’re willing to let you in on a secret: Allegory’s ultimate goal as a business is to help incentivize people to become safer drivers, so that they can then become the most profitable auto insurance customers. Time and again, the research has proven that even though they pay the lowest premiums, the safest drivers are the best insurance customers.
Also, in order to use the mobile application, you need to be able to drive, so you already need to have insurance. This means that it’s not possible for us to affect your current insurance. When we do offer telematics insurance or a usage-based insurance policy, and you see a policy that doesn’t make sense to you, you can simply keep your existing policy. However, you can always improve your driving score and prevent accidents with the Allegory app, unlocking better offers for insurance, and of course, special offers from our partners without sharing any of your personal information.
At Allegory, we’re committed to making everyone a safer driver, with focused, non-judgmental coaching and personalized incentives to ensure that your hard work is worth the effort.