Paper Title
Usage based Insurance

In existing system, for vehicle insurance manual procedure is followed. There is a need for smart maintenance. With the increasing availability of driving operation data and vehicle information for auto insurance services, it is possible for insurance companies to provide differentiate insurance premiums and value-added services for drivers. With UBI how you drive affect your premium, the more safely you drive the lesser you pay. Based on driver's driving profile, insurance premiums are calculated. This differs from traditional insurance, which attempts to differentiate between rash drive and safe driver, giving them lower premiums. Insurance company keep the track of vehicle parameters like speed variation, distance covered, number of times vehicle has crossed speed limits, based on which premium is calculated. Thus complexity is reduced.