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Groupe PSA offers Connected Car insurance
- July 7, 2020
French car maker Groupe PSA has entered the market for connected car insurance. The car maker uses data gathered from on-board technology to calculate discounts on insurance premiums offered by PSA Finance, the group’s insurance and finance arm. These discounts can amount to 25 percent of standard premiums from the second year.
Groupe PSA has five car brands: Peugeot, Citroën, DS, Opel and Vauxhall.
The insurance policies distributed by PSA Finance France are offered to French customers of new and used eligible cars from the Peugeot, Citroën and DS Automobiles brands. 86,000 customers have already signed up for a policy, with 12,000 of them choosing the connected insurance option.
Policyholders are informed of their score on a monthly basis and provided with advice aimed at improving their driving behaviour and maximising their discount.
Driving data is collected remotely through a physical on-board device that includes an emergency and local assistance call function. The Groupe PSA device was launched in 2003 by Groupe PSA and is currently fitted to more than five million vehicles.