Use our directory to find telematics /UBI related systems for insurance companies and financial institutions. Research and compare telematics vendors for your buying needs. Usage based insurance products are based on telematics data or other behavioral data. Usage-based insurance (UBI) also known as pay as you drive (PAYD) and pay how you drive (PHYD) and mile-based auto insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place. Telematic usage-based insurance (vehicle information is automatically transmitted to the system) provides a much more immediate feedback loop to the driver, by changing the cost of insurance dynamically with a change of risk. This means drivers have a stronger incentive to adopt safer practices.