According to a 2019 survey, 55 percent of U.S. consumers who wear a smartwatch are comfortable sharing data from similar wearable devices with insurance providers if it leads to cheaper premiums. This number drops to only 48 percent when all respondents are included, and the the question changes to whether they are comfortable with GPS tracking being installed in their car.
Share of consumers comfortable to use insurance technologies for cheaper premiums in the United States in 2019, by technology
Characteristic
Share of respondents
Comfortable wearing wearable devices like a smartwatch*
66%
Comfortable sharing data from wearable devices with insurers*
64%
Comfortable with smart home technologies used in my home
49%
Comfortable with a GPS tracking device installed in my car
48%
Comfortable using chatbots to make insurance claims
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
DXC Technology. (June 30, 2020). Share of consumers comfortable to use insurance technologies for cheaper premiums in the United States in 2019, by technology [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1184498/willingness-use-insurance-technologies-cheaper-premiums-usa/
DXC Technology. "Share of consumers comfortable to use insurance technologies for cheaper premiums in the United States in 2019, by technology." Chart. June 30, 2020. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1184498/willingness-use-insurance-technologies-cheaper-premiums-usa/
DXC Technology. (2020). Share of consumers comfortable to use insurance technologies for cheaper premiums in the United States in 2019, by technology. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1184498/willingness-use-insurance-technologies-cheaper-premiums-usa/
DXC Technology. "Share of Consumers Comfortable to Use Insurance Technologies for Cheaper Premiums in The United States in 2019, by Technology." Statista, Statista Inc., 30 Jun 2020, https://www.statista.com/statistics/1184498/willingness-use-insurance-technologies-cheaper-premiums-usa/
DXC Technology, Share of consumers comfortable to use insurance technologies for cheaper premiums in the United States in 2019, by technology Statista, https://www.statista.com/statistics/1184498/willingness-use-insurance-technologies-cheaper-premiums-usa/ (last visited November 17, 2024)
Share of consumers comfortable to use insurance technologies for cheaper premiums in the United States in 2019, by technology [Graph], DXC Technology, June 30, 2020. [Online]. Available: https://www.statista.com/statistics/1184498/willingness-use-insurance-technologies-cheaper-premiums-usa/
