A new car insurance study suggests it may be sooner than you think.
The study by the Insurance Information Institute of Canada, a non-profit that monitors and reports on insurance costs and policy coverage, says a number of people are opting for cheap car data systems.
The institute says the cost savings are great for consumers and for car insurance companies, but there are still concerns.
The report notes that the costs of replacing old cars are rising as consumers and insurers try to find ways to keep up with their insurance premiums.
Some of the data that insurance companies need to track to make sure their policies are meeting claims is already out there, the institute says.
It recommends the Insurance Corporation of Canada and the Canadian Automobile Association develop a program to share that information with consumers.
The Insurance Institute says it also needs to get the information from the governments of Canada.