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GasBuddy News Article

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'Pay-as-you-drive' auto insurance could lower your rates

GasBuddy Blog -- If your auto insurance company really knew how safely you drive, they might be able to shave a few bucks off your current rates. That sort of wishful thinking is now becoming a reality for more drivers than you might think.

Usage-based auto insurance plans are not new; they've been around for a decade but really hadn't gained traction due to consumer concerns about insurance companies tracking their driving patterns like 'Big Brother'... But that's changing and pay-as-you-drive insurance plans are becoming more available and more widely accepted.

Business Week reports that Progressive, for instance, now allows anyone, regardless of their insurance carrier, to test its pay-as-you-drive option, called 'Snapshot', at no cost...


Read the Full Article

Submitted Jul 12, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: 'Pay-as-you-drive' auto insurance could lower your rates Back to Topics
REPLIES (newest first) Post a Reply
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goldrose1
Champion Author Cleveland

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Message Posted: Sep 13, 2012 12:56:08 AM

k
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goldrose1
Champion Author Cleveland

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Message Posted: Sep 7, 2012 1:32:15 AM

Looking for feedback, newer info.
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goldrose1
Champion Author Cleveland

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Message Posted: Aug 15, 2012 11:03:40 PM

Has anyone tried this?
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goldrose1
Champion Author Cleveland

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Message Posted: Aug 14, 2012 1:56:54 AM

Hope this will work.
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goldrose1
Champion Author Cleveland

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Message Posted: Jul 30, 2012 10:54:40 PM

Maybe
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goldrose1
Champion Author Cleveland

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Message Posted: Jul 28, 2012 11:54:34 AM

wonder
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 16, 2012 6:54:55 AM

trust me said the spider to the fly.
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alberttimme
Rookie Author Houston

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Message Posted: Jul 14, 2012 9:26:50 PM

Am ready
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pilotmass
Champion Author Boston

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Message Posted: Jul 14, 2012 6:04:01 PM

It will be pushed by AARP for seniors who drive few miles.
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30mpg80
Champion Author Lexington

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Message Posted: Jul 14, 2012 12:55:33 AM

trust me, trust me
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Blismo
Champion Author Arizona

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Message Posted: Jul 13, 2012 9:29:10 PM

no thanks
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indyjim
Champion Author Indianapolis

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Message Posted: Jul 13, 2012 4:39:57 PM

I agree with Cadillac.
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sluggopyle
Champion Author North Carolina

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Message Posted: Jul 13, 2012 3:02:25 PM


What a great idea. Help a huge profitable corporation track my movements. What could POSSIBLY go wrong with that. Sign me up yesterday. Hey, you want a detailed list of everywhere I went last week? I can do it, just say the word.

(/sarc)


Obviously if controlling a nation of drones is your goal, you don't make your spokesfigure an evil greedy ogre. You make her look like Flo (who's standing right >>here>> as I type this).


[Edited by: sluggopyle at 7/13/2012 2:05:56 PM EST]
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sparky808
Champion Author Honolulu

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Message Posted: Jul 13, 2012 1:21:16 PM

Thank you for posting.
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OldMan322
Champion Author Illinois

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Message Posted: Jul 13, 2012 11:47:55 AM

Another bad idea
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condé
Champion Author Michigan

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Message Posted: Jul 13, 2012 10:45:02 AM

No, just another way to raise your rates. Who are they kidding?
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BlueTucson
Champion Author Syracuse

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Message Posted: Jul 13, 2012 10:28:58 AM

This would be good for responsible drivers. As more of them got their rates lowered by this program, the insurance companies would undoubtedly begin to raise rates for the non-pay-as-you-drive customers as this group would have a higher percentage of bad drivers.

Of course, having something like this installed would also serve to make drivers more aware of their driving habits, as they would effectively have someone looking over their shoulder all the time. For that reason, it might help to lower overall accident rates, making everyone safer, as the article mentioned.
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tbgasmizer
Champion Author Ontario

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Message Posted: Jul 13, 2012 10:28:27 AM

Who will really benifit from this?
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bart_reed
Champion Author Los Angeles

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Message Posted: Jul 13, 2012 10:24:26 AM

Insurance companies aren't in business to save consumers money.
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MikLamb
Champion Author Texas

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Message Posted: Jul 13, 2012 10:19:57 AM

Ticobird is right. Why would insurance companies come up with something that would solely lower rates? It's a marketing tool, like all of the ads for satellite TV that promise an initial low rate, then jack it up after a period of time.
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Ticobird
Champion Author Huntsville

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Message Posted: Jul 13, 2012 10:17:23 AM

This idea has never appealed to me mainly because the insurance companies came up with it. You know they would have to stand more to gain than the consumer or they would not have developed the idea. Give me a break, I wasn't born yesterday. Today's informed consumer is basically skeptical due to decades of manipulation in conjunction with better news reporting. Anyway, look for insurance companies to push this model by charging more for conventional coverage while saying this proposed alternative results in lower rates. I hope the state insurance regulators are up to the task.
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tutaw
Champion Author Kentucky

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Message Posted: Jul 13, 2012 10:10:28 AM

interesting
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Rick52
Champion Author Milwaukee

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Message Posted: Jul 13, 2012 10:09:36 AM

caddilac:
Thanks...Yess..What is the big Secret ??
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Rick52
Champion Author Milwaukee

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Message Posted: Jul 13, 2012 10:07:19 AM

Yesss !!! Will it be used against you ??? The Big Question !!
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curlypooh
Champion Author New Jersey

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Message Posted: Jul 13, 2012 10:06:21 AM

Used to drive more reckless before I started flying. Then realized that I could kill myself in seconds and fly as fast as I wanted to. Took the thrill out of driving crazy. That and getting old have slowed me down. Guess they would pay me to buy insurance!
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Hangnail309
Champion Author Manitoba

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Message Posted: Jul 13, 2012 10:06:13 AM

Yesterday's news.
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caddilac
Champion Author Ontario

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Message Posted: Jul 13, 2012 10:04:58 AM


jeff95519 writes, "no thanks, look into who owns progressive"

jeff95519, instead of playing guessing games, why in the hell don't you just tell us who owns Progressive???????

What devil owns Progressive?????

Iran, Iraq, Cuba????????

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JeepGuyKS
Veteran Author Topeka

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Message Posted: Jul 13, 2012 10:04:03 AM

Sounds like something I might try...
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SSchmidty
Champion Author Illinois

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Message Posted: Jul 13, 2012 10:00:27 AM

Thursday's news article.
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jeff95519
Champion Author California

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Message Posted: Jul 13, 2012 10:00:24 AM

no thanks, look into who owns progressive
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BearGolfn
Champion Author Twin Cities

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Message Posted: Jul 13, 2012 10:00:11 AM

some people could benefit from this
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bevmill
Champion Author Georgia

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Message Posted: Jul 13, 2012 9:59:37 AM

ok
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bjdorval
Champion Author Quebec

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Message Posted: Jul 13, 2012 9:59:27 AM

Please nudge the intern. Yesterday's news.
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Siddie1926
Champion Author Houston

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Message Posted: Jul 13, 2012 9:59:22 AM

Would be great but will never happen
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mswillia
Champion Author Milwaukee

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Message Posted: Jul 13, 2012 9:58:50 AM

ok, but how is this fuel related?
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porotito
Champion Author Houston

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Message Posted: Jul 13, 2012 9:58:40 AM

This won't make me want to drive at all!
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rippertoo
Champion Author Tacoma

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Message Posted: Jul 13, 2012 9:57:33 AM

"Could" but "Won't".
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TommyTraveler
Champion Author Cincinnati

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Message Posted: Jul 13, 2012 9:57:25 AM

No way
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Clits
All-Star Author Louisiana

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Message Posted: Jul 13, 2012 9:57:19 AM

Like all the other krap they say is better for you and you save a ton by letting us do this or that... CONTROL! Not Me. I Don't use a cell phone, GPS,and not about to have them track my TRUCK!
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mh44s
Champion Author Madison

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Message Posted: Jul 13, 2012 9:56:39 AM

No thanks.
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windows7isfast
Champion Author Winnipeg

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Message Posted: Jul 13, 2012 9:56:27 AM

OK
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CDMAuto
Champion Author Connecticut

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Message Posted: Jul 13, 2012 9:56:24 AM

Population control
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Minutefan
Champion Author Springfield

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Message Posted: Jul 13, 2012 9:56:12 AM

just don't file a claim.
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WhiteTreeIndian
Champion Author New Jersey

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Message Posted: Jul 13, 2012 9:56:09 AM

Get multiple offers all the time here.
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Rednix
Champion Author Miami

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Message Posted: Jul 13, 2012 9:55:49 AM

I don't know about that.
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bmsgolf
Champion Author Amarillo

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Message Posted: Jul 13, 2012 9:55:14 AM

No thank you.
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ou812again
Champion Author Cincinnati

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Message Posted: Jul 13, 2012 9:54:33 AM

another insurance company scam.........
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car253
Champion Author Ohio

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Message Posted: Jul 13, 2012 9:54:29 AM

This is one slippery slope.
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cheap59
Champion Author Michigan

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Message Posted: Jul 13, 2012 9:54:19 AM

Interesting
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Rockyguitar
Champion Author Tampa

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Message Posted: Jul 13, 2012 9:54:11 AM

Fine idea, but we've dropped Progressive because of its owner, Peter Lewis. He is a socialist and heavily supports those causes including the occupier in the Whitehouse.
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