Connected cars can push insurance premiums down

Published: August 31, 2017

Updated: July 24, 2018

Author: Luke Jones



Connected cars are part of the future where the vehicle will be a hub for work, entertainment, and communication, while the driving will be taken care of by autonomous technology. Currently, the connected car is a smartphone interacting with an in-car system, but the future will yield different connectivity.

For example, the ability to monitor body functions, interpret voice commands and gauge behaviour patterns. Dr. Ben Miners, vice president innovation, Intelligent Mechatronic Systems (IMS), maker of IMS DriveSync, spoke to AUTO Connected Car about the possibilities for connected vehicles.

IMS DriveSync is a connected car platform used by insurance companies and transportation departments. Waterloo, Ontario-based IMS uses its system to manage bodily functions like hunger, using a Bluetooth connection between the car and wearable device.

This could have a medical application, such as alerting the driver if glucose levels drop too low. The vehicles could also monitor sleep patterns and abnormal heart rates and issue voice warnings to vehicle occupant.

“The glucose level feature can be helpful to diabetics, long haul truck drivers or any driver, depending on their willingness to be monitored,” said Dr. Miners.

DriveSync technology currently offers voice notifications as a coaching method for better driving. Users will get insurance benefits from such implementations as insurers would be more likely to offer discounts to drivers under such monitoring.