Cambridge Mobile Telematics launches free app to help consumers save on gas – InsuranceNewsNet

FuelStar helps people save up to 40% on gas by showing them how to drive more efficiently

CAMBRIDGE, Mass.–(BUSINESS WIRE)–
Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, today announced the official launch of Star Fuel, a new app that helps consumers save up to 40%* on fuel by showing them how to drive more efficiently. FuelStar analyzes driving habits that consume gas faster – such as rapid acceleration, speeding and hard braking – and teaches people how to make small changes to their driving habits to help them save fuel. money at the gas pump.

With high gas prices across the country, Americans are suffering at the pumps. Inflation has increased costs in all areas. A potential recession has prompted many Americans to cut costs. Many have already made changes — recent studies showed that Americans are drive lesscarpooling more and using alternative modes of transportation to combat rising gas prices.

“We saw that people across the country were struggling with high gas prices and wanted to create a solution to help ease the burden,” said Rafi Finegold, Senior Vice President of Products for CMT. “FuelStar was born from the idea that by making small changes to driving behavior, people can dramatically reduce how often they need to buy gas – and those savings add up. The mom who spent $240 a month to fill up his Honda Accord once a week could save $95** on his monthly gas bill with the help of FuelStar.

FuelStar brings innovations to a market that has traditionally helped consumers save at the pump by telling them which gas stations have the cheapest prices. FuelStar uses physics-based smartphone sensor data to predict gas consumption by analyzing a person’s driving behaviors and matching them with their vehicle’s make, model and year in real time. FuelStar deploys data processing on the phone to provide real-time audio alerts of inefficient driving, helping drivers save even more. The app also provides personalized, data-driven recommendations on how a driver should modify their driving behaviors to save money. The result is a new app experience that provides insight into driving habits and fuel savings that has never been available to the public before.

To date, more than 20 million people have used CMT’s technology, which powers safe driving programs for 21 of the top 25 auto insurers in the United States, as well as major automakers, wireless service providers, security companies and ride-sharing providers. In its quest to make the world’s roads and drivers safer, CMT offers a growing suite of free consumer apps such as FuelStar and Openroad, a crash assistance app that detects car crashes and sends emergency aid.

Consumers can use FuelStar with peace of mind that their privacy is protected. In line with CMT’s privacy approach, FuelStar only uses collected data to power the services provided. CMT does not sell and will not share a user’s personal information – including location data – with third parties.

FuelStar is available today for free on Apple App store. Download it here. To learn more about FuelStar, visit www.getfuelstar.com.

About Cambridge Mobile Telematics

Cambridge Mobile Telematics (CMT) is the world’s largest provider of telematics services. Its mission is to make the world’s roads and drivers safer. The company’s AI-driven platform, DriveWell®, brings together sensor data from millions of IoT devices – including smartphones, proprietary beacons, connected vehicles, dash cams and appliances third parties – and merges it with contextual data to create a unified view of vehicle and driver behavior. Companies in the personal and commercial auto insurance, automotive, ridesharing, smart cities, wireless, financial services, and family safety industries use information from CMT’s platform to power their insurance programs. assessment of risks, safety, complaints and improvement of drivers. Based at Cambridge, MAwith offices at Budapest, Chennai, Seattleand TokyoCMT serves millions of people through 80 programs in 18 countries, including 21 of the top 25 US auto insurers.

* Savings estimates are based on fuel mileage calculations from FuelEconomy.gov.

** Based on AAA $3.716 national gas average September 12, 2022 for a 2022 Honda Accord.

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Media:

Cambridge Mobile Telematics
Matt Fiorentino
[email protected]

Communications update
Marisa Steck
[email protected]

Source: Cambridge Mobile Telematics

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