Tuesday, May 26, 2009
Car insurance savings come with 'Big Brother'
Tim Goodwin doesn't spend much time behind the wheel of his 2004 Chevy Tahoe. Even though he only covers about 3,000 miles per year -- using it just for weekend trips -- he had, until recently, been getting no special deal on his insurance for driving so little.
Six months ago, the Springfield, Missouri, property supervisor found a policy that gives him a break. So far he's saved about $48 -- or ten percent -- over six months compared to a traditional premium.
There's a catch; his insurance company, Progressive, is monitoring every move he makes behind the wheel... Goodwin is fine with it, and says that just knowing that a small transceiver is reporting his driving behavior back to the insurance company helps him drive more carefully...
CNN: Car insurance savings come with 'Big Brother'
Six months ago, the Springfield, Missouri, property supervisor found a policy that gives him a break. So far he's saved about $48 -- or ten percent -- over six months compared to a traditional premium.
There's a catch; his insurance company, Progressive, is monitoring every move he makes behind the wheel... Goodwin is fine with it, and says that just knowing that a small transceiver is reporting his driving behavior back to the insurance company helps him drive more carefully...
CNN: Car insurance savings come with 'Big Brother'
Permalink posted by markw @ 4:51 AM 
 |
 |  |
  |
