Now Get Ready Trade Your Privacy For Cheaper Car Insurance… The erosion continues
Justin Hyde, Jalopnik
Dec. 6, 2010
America’s auto insurers will push for new driver monitoring systems, such as in-car video cameras, as a way to cut costs and crashes. Who needs driverless cars when all drivers could soon get an electronic nanny?
In recent years insurers have started using various systems, including GM’s OnStar, to check the miles driven claimed by their customers. But upcoming new technologies go much further; gathering and reporting data about exactly how people drive.
Progressive Insurance already has about 100,000 customers signed up for its Snapshot (formerly known as MyDrive) device. It’s a dongle that plugs into a vehicle’s diagnostic port, collecting data about stops, speed and driving time for at least 30 days while wirelessly reporting that data back to Progressive. Drivers who meet Progressive’s standards can qualify for a 25% to 30% discount.