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Travelers Expands Telematics Offerings with IntelliDrivePlus™ | Fintech Finance

January 17 2022

Travelers Expands Telematics Offerings with IntelliDrivePlus™

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The Travelers Companies, Inc. (NYSE: TRV) today announced that it has expanded its telematics auto insurance offerings with the launch of IntelliDrivePlus™. At each renewal, the app-based programcalculates a new premium by measuring miles driven and driving behaviors, such as braking, acceleration, speed, time of day and distraction. IntelliDrivePlus™ is now available to customers in Arkansas, Nebraska and Ohio.

“Our original telematics program, IntelliDrive®, grew by 50% during the last year, making it clear that consumers are increasingly comfortable with pricing that reflects their driving behaviors,” said Michael Klein, Executive Vice President and President of Personal Insurance at Travelers. “IntelliDrivePlus™ builds on that momentum and offers our customers even more options to personalize their insurance.”

IntelliDrive® launched in 2017 and is available in 40 states. It calculates a premium based on driving behaviors, excluding mileage, which are tracked over a 90-day period. In comparison, IntelliDrivePlus™ calculates a premium by assessing changes in driving behavior and mileage, which are captured over the life of the policy.

To learn more about IntelliDrivePlus™, visit Travelers.com/IntelliDrivePlus.

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Michael Klein | Executive Vice President and President of Personal Insurance at Travelers | Fintech Finance

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