TrueMotion recently has announced a new partnership with Noblr.
TrueMotion provides smartphone driving data platform, which is powered by machine learning. The platform determines when a person is driving, reveals their behaviors behind the wheel, and detects crashes. Insurers, rideshare companies, and fleets use TrueMotion data to fuel their pricing, claims, and retention programs.
Noblr is a car insurance company that rewards its members’ good driving habits by giving a competitive rate that is based on, among other things, time of driving, road choice, quality of driving, and miles driven. Noblr’s monthly rate is composed of a fixed rate and a variable rate. The variable rate is based on how much and how well a person drives.
As part of the partnership, Noblr leverages TrueMotion’s patented platform to derive driving insights for its members. The company will use this driving data to help price their members based on how much and how safely they drive. The pricing is calculated in real-time using the member’s smartphone – uniquely, there is no hardware or Bluetooth tag to install. TrueMotion’s technology works in the background to identify drivers and capture driving data, so Noblr customers just need to download the app and drive.
“We’re building a different kind of car insurance company, based on creating a community of safe drivers and rewarding those drivers,” said Noblr CEO and co-founder Gary Tolman. “We needed a smartphone telematics partner that could accurately identify drivers and capture driving behaviors like smoothness and focus – without the crutch of a hardware device or tag. When we looked at the market, TrueMotion was the winner, hands down.”
“Noblr is one of the most exciting new entrants to the auto insurance market and we’re proud to be powering their driving behavior data,” said TrueMotion CEO Ted Gramer. “The future of auto insurance will be fueled by smartphone driving data. With variable monthly rates based on actual driving data derived from smartphones, the Noblr team has built a product that will allow it to deliver one of the best user experiences in the market today.” he further said.