Policygenius reports that policyholders are getting tired of exchanging data

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Policygenius looked specifically at video doorbells and found that 77% of Americans would not install a doorbell camera that shares facial recognition data for a discount. In 2021, 67% of Americans said the same thing. (Source: BrandonKleinVideo/Shutterstock.com)

When it comes to apps that track driving behavior or store location data, 68% of Americans said they would not install such a device no matter what the insurance discount, according to Policygenius. Last year 58% of Americans said the same thing.

The same proportion (68%) also said they would not install a dashboard camera in exchange for an insurance discount. Of those who would install a dash cam, 74% said they would only do so if it would cut their insurance bill by at least half.

Policygenius reported that none of the private auto insurance companies it reviewed offer dashcam discounts, but there are commercial insurers that offer discounts for using the technology.

Also, only 32% of Americans would use telematics if they offered a discount, but 67% would only do so if using an app reduced their rates by more than half. Only 11% said they would use a telematics app regardless of the size of the discount.

A similar opinion was expressed about sharing data with home telematics programs and devices.

Along the same lines, only 35% of home and renter policyholders said they would install a smart home device, but 68% of those people would only do so if their insurance bill was cut in half or more. Around 11% would install a smart home device for a discount of any amount.

Policygenius looked specifically at video doorbells and found that 77% of Americans would not install a doorbell camera that shares facial recognition data for a discount. In 2021, 67% of Americans said the same thing.

Just under a quarter said they would install a doorbell camera for a discount but would have to cut their home insurance by at least half. Just 8% of policyholders said they would like to install a video doorbell that shares facial recognition with a third party, Policygenius reported.

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