For example, a mile driving on a highway is a lot safer than a mile driving on a street. A lot of customers are already asking Progressive to track them this way
New York, NY (PRWEB) September 13, 2014
4AutoInsuranceQuote.com, a website that provides people with free auto insurance quotes, has just posted a new article to its website, http://www.4autoinsurancequote.com/uncategorized/privacy-usage-based-auto-insurance/ that discusses a rather interesting phenomenon.
The article, titled “Sacrifice Your Privacy To Get Cheap Auto Insurance Rates” explains how people who want to save money on their car insurance policies may be able to do so in exchange for the company keeping constant tabs on their driving. For people who are shown to be safe enough drivers, they may end up saving a substantial amount on their insurance.
Instead of paying insurance premiums that are based on their age, gender, and credit score, this new usage-based program will determine auto insurance rates based on how they drive.
According to the article, right now three of the nation’s major auto insurance companies—State Farm, Allstate, and Progressive—are pursuing this policy extremely aggressively, and it’s expected that other companies will soon follow suit.
Although this type of program might seem like a good idea, the article cautions that it may take drivers down a slippery slope that involves a loss of privacy.
“Who wants a big company to know every single thing about where they go and how they drive?” the article asks, adding that even though the major companies are not yet tracking exact locations, they want to, and Progressive is currently testing it.
“For example, a mile driving on a highway is a lot safer than a mile driving on a street. A lot of customers are already asking Progressive to track them this way.”
For drivers who are concerned about their privacy, it may be hard to get excited about usage-based insurance. However, for people who are okay with the notion of being constantly tracked and are happy to do what it takes to save money—and are good drivers—then this program might make sense.
Anybody who would like to learn more about usage-based insurance programs and how they may jeopardize a driver’s safety may visit 4AutoInsuranceQuote.com to read the article in its entirety.
4AutoInsuranceQuote.com is a car insurance quote provider based in New York, NY. In business since 2008, 4AutoInsuranceQuote.com has provided more than one million Americans with free auto insurance quotes. Visit 4AutoInsuranceQuote.com today to get a free quotation. For more information, please visit http://www.4autoinsurancequote.com/uncategorized/privacy-usage-based-auto-insurance/
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