Wednesday, December 23, 2009
Progressive Launches Pay As You Drive Program in South Carolina
Progressive Insurance (Mayfield, Ohio) has announced availability of its MyRate insurance program, which uses the carrier's patented telematics-based technology, to auto insurance customers in South Carolina. Progressive describes MyRate as a behavior-based insurance program that gives drivers a customized rate based on how, how much and when their car is driven...
Drivers who choose to sign up for MyRate receive a device that plugs into a port in their car and measures how, how much and when the car is being driven. Cars driven less often, in less risky ways, and at less risky times of day can receive a lower premium. To cover the cost of the device and data transmission, Progressive will add a $30 technology expense to the customer's premium for each policy term that the customer is enrolled in the program...
I&T:
Drivers who choose to sign up for MyRate receive a device that plugs into a port in their car and measures how, how much and when the car is being driven. Cars driven less often, in less risky ways, and at less risky times of day can receive a lower premium. To cover the cost of the device and data transmission, Progressive will add a $30 technology expense to the customer's premium for each policy term that the customer is enrolled in the program...
I&T:
Permalink posted by markw @ 12:13 PM 
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