In January 2018, Nexar raised a $30 million round of new funding from Nationwide Insurance and other investors to help expand the reach of its technology. In August 2017, Nationwide announced a commitment to invest $100 million in customer-centric services including services that help people live comfortably in retirement, protect digital assets and protect them in the evolving area of mobility. For example, hard braking activity declined 70 percent-from five hard brakes per 100 miles to one-and-a-half hard brakes per 100 miles, Nationwide reported. However, you will not pay the monthly fee of 9.99. You will not be able to return your old Dashcam. Nationwide said that HASC Center drivers demonstrated “significantly safer driving habits” by the end of the 16-week program, showing a substantial decrease in the key driving behaviors identified as most likely to lead to accidents. To enjoy 'Inshur's' discount you must do one of the following: Purchase a Dashcam when signing up to your 'Inshur' Insurance. Nexar’s video-recording technology provides vehicle-to-vehicle communication that connects directly to a dashcam app and monitors driving behavior. What's more, there's no word what the constant video transmission will do to your monthly data cap, either.The provider of the dashcams was Nexar, a computer vision-based telematics startup, which is one of several startups backed by Nationwide Ventures. Oh, and the company is even planning to roll out driving scores, assigned by driving habits and tied to license plate numbers, as well. Dangerous incidents are automatically uploaded to your Nexar cloud, where they are never erased. Your drives are saved to your phone based on available space. And though the National Highway Transportation Safety Administration says there isn't a formal agreement in place, Wired says Nexar has agreed to share driving data with the government. 6 THINGS YOU SHOULD KNOW Nexar saves what matters most. Apparently, insurance companies have started tapping into this to offer people rewards for good driving. Opting in to the app means that Nexar has every right to do whatever it wants with your data, including sell it to third parties. So, the more it's used, the better the system gets. This week, New York and San Francisco went online with the service, and it's available on both Android and iOS.Īs Wired notes, however, there's no such thing as free lunch: Because the Nexar app is constantly using your phone's camera to survey the road, it's sending all that data back to its Israel-based servers for analysis. It uses machine learning too, so over time, and with enough users, the app should progressively get better at predictions. Or if you have an issue, other drivers using the app will get a ping saying what's up so they have a chance to plan around it. Say, if someone does a hard stop a few cars ahead of you, you'll get an alert about it. Nexar's promise is that when enough drivers start using the app, the vehicle-to-vehicle network will alert folks of accidents seconds ahead of time, giving you a larger window for avoiding one yourself. A $7 mount holds a phone, while the free app uses your gizmo's onboard accelerometer, cameras and microphone do the rest of the work. 169.95 View Deal Price comparison from over 24,000 stores worldwide The Nexar Beam isn’t the first dash cam to upload video to the cloudthat honor goes to the Owlcam but it’s nearly as. That's where Nexar's dashcam app comes in. Plus, using a device you already own is far more economical than buying a new car. But those are a ways off, and the phone in your pocket already has a pretty solid set of sensors in it. RT ConsumerReports: You probably won’t get a discount on your auto insurance for using a dash cam, but the video it records can be used as evidence or supporting documentation when filing insurance claims, or in legal proceedings related to crashes and other incidents. Dashboard-mounted cameras, or dash cams, have. For more information, please see our Insurance Disclosure. They'll be packed to the gills with sensors to keep us safe and sound as we Snapchat ourselves cruising down the highway, bellowing along to our favorite Urfaust tracks. Our content is backed by, LLC, a licensed entity (NPN: 19966249). We likely aren't going to get flying cars anytime soon, but we will have self-driving ones.
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