A paper titled “Public opinion on Usage-Based Motor Insurance Schemes: a stated preference approach” authored by Dimitris Tselentis, Akis Theofilatos, George Yannis and Manos Konstantinopoulos is now published in Travel Behaviour and Society scientific Journal, with the support and data from OSeven Telematics. This paper aims to investigate which parameters affect users’ willingness to pay for alternative usage-based motor insurance pricing schemes such as Pay-as-you-drive (PAYD) and Pay-as-how-you-drive (PHYD). Results indicated that women and smartphone owners are more likely to choose a new insurance schemes. Kilometers and cost reduction were also found to affect similarly the choice for both Usage-Based-Motor Insurance (UBI). Moreover, the higher the speed reduction imposed to the driver, the lower the probability of the UBI scheme to choose it.
Public opinion on Usage-Based Motor Insurance Schemes: a stated preference approach, 2018
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