Variable rate car insurance

“Initial barriers to wider adoption of telematics-based auto insurance included the expense of equipment, required modifications to policy administration, rating and billing systems, and privacy concerns,” according to the report. “However, dropping equipment costs and a focus on tracking other information besides location such as miles driven (thus allaying privacy concerns) are making wider adoption of telematics-based offerings more feasible. While Progressive is perhaps the best-known U.S. example of an insurer using telematics many other insurers are either conducting trials or providing offerings. AAA, Allstate, Erie Insurance, Esurance, Farmers Insurance, the Hartford, MetLife, State Farm, Travelers and Unigard are all conducting limited trials.”

Insurance networking News. So, a very much more effective insurance program should increase transportation efficiency by 5% or so.