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Automotive Usage-Based Insurance (UBI) Market Is Expected To Foresee Significant Growth During The Forecast

The Automotive Usage-Based Insurance Market is expected to reach the market valuation of US$ 93 billion by 2026 expanding at a reasonable CAGR of 24.39% during the forecast period (2021-2026) from US$ 24.5 billion in 2019. Usage-based Insurance allows insurance carriers to monitor their customer driving habits through a telematics device, resulting to play an integral part in the future of the auto insurance market. Today, the internet and smartphones have changed the way people...