Providing state-supported financial incentives and benefits for vehicle insurance policies using telematics

Petraki, Virginia; Ziakopoulos, Apostolos; Fragkiadaki, Evangelia; Karouzakis, Nikolaos; Kakavoulis, Konstantinos; Yannis, George

Abstract

We recommend providing state-supported financial incentives and benefits for vehicle insurance policies using telematics. To achieve this policy recommendation, we propose the following: (1) Provision for financial incentives and benefits by the state for vehicle insurance policies using telematics across the European Union member states; (2) Conduct comprehensive social cost–benefit analysis (CBA) to assess policy feasibility, either at a European Union or at a national level; (3) Advocate for European Union-level policy implementation supported by a centralized fund to promote telematics via insurance policies, aligning with the EU Green Deal and Vision Zero targets; and (4) Showcase benefits of interdisciplinary collaboration involving experts from transportation engineering, economics, psychology, and law for policy design and evaluation.

• Online Publication Date: Oct 3, 2024
• Publication Date: Oct 3, 2024
• Deposit Date: Oct 4, 2024
• Publicly Available Date: Oct 10, 2024
• Publisher: Palgrave Macmillan (part of Springer Nature)
• Pages: 87-99
• Book Title: Strengthening European Mobility Policy
• Chapter Number: 7
• ISBN: 9783031679353
• DOI: https://doi.org/10.1007/978-3-031-67936-0_7
• Public URL: https://uwe-repository.worktribe.com/output/13264540