Insurers ask car owners to estimate how many miles they'll drive on an annual basis, but tracking technology can now accurately capture that info in real time. Progressive has a program called MyRate that's available in Alabama, Michigan, Minnesota and Oregon and will be introduced in New Jersey today, in which policyholders receive a data recorder that plugs into a car's OBD port and automatically transmits driving info to the company. The device records not only the number of miles driven, but also the time of day, speed, acceleration, deceleration and braking. By letting Progressive ride along, policy holders can save up to 40% on premiums (minus a $30 service fee that's charged each policy period) based on their driving habits.
https://blogs.edmunds.com/strategies/2008/08/technology-accelerates-pay-a s-you-drive-insurance.html
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Looks to me like a bogus way to track someone's movements & travels. Wonder why you can't just have your odometer verified every 6 months or so, when the premium is due? Electronic snooping I'd say. Those who don't agree, will be gouged with higher premiums for non-compliance. Just happen to see this on the news this morning, they said it passed the House unanimously.
ST
https://blogs.edmunds.com/strategies/2008/08/technology-accelerates-pay-a s-you-drive-insurance.html
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Looks to me like a bogus way to track someone's movements & travels. Wonder why you can't just have your odometer verified every 6 months or so, when the premium is due? Electronic snooping I'd say. Those who don't agree, will be gouged with higher premiums for non-compliance. Just happen to see this on the news this morning, they said it passed the House unanimously.
ST