Vehicle-to-vehicle communication could revolutionize car insurance, according to Main St.
Vehicle-to-vehicle (V2V) communications will not only revolutionize how consumers drive as more cars communicate with each other, it will also speed up the adoption of usage-based insurance (UBI).
As more automobile manufacturers include wireless technology in their vehicles allowing them to communicate to each other and warning drivers of potential hazards, more accidents and injuries could be prevented in the future.
The National Highway Traffic Safety Administration said that this technology could help avoid or mitigate 70% to 80% of vehicle crashes involving unimpaired drivers. The technology only includes information about safety, but does not include exchanging or recording personal information, tracking the movements of the vehicle and does not identify them.