The practice of telematics, also referred to as pay-as-you-drive (PAYD), or pay-by-mile (PBM) car insurance, sometimes called usage-based insurance, is increasingly gaining popularity in the US. As the cost of full-coverage insurance climbs to the level of $2,500-$2,900 a year in 2026, many Americans consider paying less by being eligible for usage-based auto insurance. Is…