Progressive auto insurance is offering an innovation program to some of their customers to help them save money. The article "Insurance Company Tracks Driver Responsibility With In-Car Device by Jolie O'Dell found on Yahoo News goes over this unique program called "Snapshot".
Basically the specially designed device supplied by Progressive plugs into the policy holder's car and tracks how the car is being driven. If the device shows responsible behavior Progressive is offering a substantial discount, possibly up to 30% off auto insurance premiums. Progressive is monitoring drivers for 30 days and the device is easy to install since it plugs right into the diagnostic port found in most cars. They are measuring things such as time of day driven, how often the car is driven, sudden stops and starts, and speed. Those who drive less can get additional discounts since they are not on the road as much.
This type of tracking has raised privacy issues over the years while this device was being developed. There is no GPS associated with the device so there isn't any worry about Progressive having access to location, but this information could be helpful. This could be a new wave in the auto insurance industry that affects many more companies to come.
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