Buckle partners with CMT for telematic auto insurance

Buckle, a tech-enabled financial services company, has partnered with Cambridge Mobile Telematics (CMT), to bring its telematic platform to gig economy drivers.

Buckle provides rideshare and delivery drivers with personal and commercial coverage in a single auto insurance policy.

CMT’s DriveWell Score provides safe driving measurement and fast feedback through an online app, allowing Buckle’s insured members to review their trips and understand their own driver and vehicle behaviour, as well as safety level.

The optional integration of the DriveWell Score means Buckle can more accurately understand the policyholder’s driving behavior and therefore can better assess risk. Buckle members who choose to participate receive an immediate discount when signing up for the telematics program with steeper discounts available at renewal based on careful driving habits. Discounts are based on a driving score built on five criteria: harsh acceleration, braking or swerving, speeding, and phone use.

Andrew Sand, head of product management at Buckle, said, “The DriveWell Score is simple to use, it’s the most experienced platform on the market, and it gives our members the ability to both monitor their own safety and get the best price for their auto insurance coverage, whatever their activity and vehicle they drive.

“Buckle coverage already gives our members peace of mind and this program provides an added layer of assurance that their premium is transparent and fair.”

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