First driving behavior-based telematics automobile insurance developed for Toyota connected cars in Japan

By mmillikin Toyota Motor Corporation and the MS&AD Insurance Group’s Aioi Nissay Dowa Insurance Co., Ltd. have jointly developed Japan’s first driving behavior-based telematics automobile insurance. The plan is available to owners of certain units of Toyota connected cars, and uses driving data gathered via telematics technologies to adjust insurance premiums based on the level of safe driving every month.

Total insurance premiums comprise a combination of basic insurance premiums and usage-based insurance. Under this new plan, up to 80% of usage-based insurance premiums can be discounted (the discount rate for the entire premium depends on the annual mileage). In addition to

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