In my last post, I mentioned that I switched my insurance carrier from Liberty Mutual to Progressive because of the $2400 I saved in premiums. Another unique feature with Progressive is their Snapshot program.
If you choose to participate, they send you a Snapshot device that attaches to your car. I assume it’s some sort of GPS system that measures acceleration, braking, and overall driving speed. Hopefully, it doesn’t measure nose picking, swearing at other drivers, or the type of music you prefer!
If you handle your car with care, you will get a discount on your premiums. If you tend to brake quickly, accelerate quickly, or drive too fast, you won’t get the discount. And there is no risk. Your rate can’t go up because of your driving pattern. But it can go down.
This is a great example of trying to personalize the services offered rather than a one-size-fits-all model.
I like it.