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'Pay-as-you-drive' auto insurance could lower your rates

GasBuddy Blog -- If your auto insurance company really knew how safely you drive, they might be able to shave a few bucks off your current rates. That sort of wishful thinking is now becoming a reality for more drivers than you might think.

Usage-based auto insurance plans are not new; they've been around for a decade but really hadn't gained traction due to consumer concerns about insurance companies tracking their driving patterns like 'Big Brother'... But that's changing and pay-as-you-drive insurance plans are becoming more available and more widely accepted.

Business Week reports that Progressive, for instance, now allows anyone, regardless of their insurance carrier, to test its pay-as-you-drive option, called 'Snapshot', at no cost...

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Submitted Jul 12, 2012 By: PD

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goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Sep 12, 2012 10:56:08 PM Ignore goldrose1 Report Abuse k
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Sep 6, 2012 11:32:15 PM Ignore goldrose1 Report Abuse Looking for feedback, newer info.
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Aug 15, 2012 9:03:40 PM Ignore goldrose1 Report Abuse Has anyone tried this?
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Aug 13, 2012 11:56:54 PM Ignore goldrose1 Report Abuse Hope this will work.
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Jul 30, 2012 8:54:40 PM Ignore goldrose1 Report Abuse Maybe
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Jul 28, 2012 9:54:34 AM Ignore goldrose1 Report Abuse wonder
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Jul 16, 2012 4:54:55 AM Ignore honda0105 Report Abuse trust me said the spider to the fly.
alberttimme Rookie Author Houston Posts:10 Points:252,330 Joined:Jan 2007	Message Posted: Jul 14, 2012 7:26:50 PM Ignore alberttimme Report Abuse Am ready
pilotmass Champion Author Boston Posts:1,808 Points:499,685 Joined:Jul 2011	Message Posted: Jul 14, 2012 4:04:01 PM Ignore pilotmass Report Abuse It will be pushed by AARP for seniors who drive few miles.
30mpg80 Champion Author Lexington Posts:10,007 Points:1,484,930 Joined:Nov 2008	Message Posted: Jul 13, 2012 10:55:33 PM Ignore 30mpg80 Report Abuse trust me, trust me
Blismo Champion Author Arizona Posts:2,124 Points:401,310 Joined:Feb 2012	Message Posted: Jul 13, 2012 7:29:10 PM Ignore Blismo Report Abuse no thanks
indyjim Champion Author Indianapolis Posts:10,076 Points:2,316,505 Joined:Jul 2006	Message Posted: Jul 13, 2012 2:39:57 PM Ignore indyjim Report Abuse I agree with Cadillac.
sluggopyle Champion Author North Carolina Posts:23,608 Points:1,075,890 Joined:Dec 2005	Message Posted: Jul 13, 2012 1:02:25 PM Ignore sluggopyle Report Abuse What a great idea. Help a huge profitable corporation track my movements. What could POSSIBLY go wrong with that. Sign me up yesterday. Hey, you want a detailed list of everywhere I went last week? I can do it, just say the word. (/sarc) Obviously if controlling a nation of drones is your goal, you don't make your spokesfigure an evil greedy ogre. You make her look like Flo (who's standing right >>here>> as I type this). [Edited by: sluggopyle at 7/13/2012 2:05:56 PM EST]
sparky808 Champion Author Honolulu Posts:2,986 Points:595,785 Joined:Sep 2011	Message Posted: Jul 13, 2012 11:21:16 AM Ignore sparky808 Report Abuse Thank you for posting.
OldMan322 Champion Author Illinois Posts:5,140 Points:1,591,815 Joined:Jul 2008	Message Posted: Jul 13, 2012 9:47:55 AM Ignore OldMan322 Report Abuse Another bad idea
condé Champion Author Michigan Posts:3,726 Points:1,810,640 Joined:Oct 2004	Message Posted: Jul 13, 2012 8:45:02 AM Ignore condé Report Abuse No, just another way to raise your rates. Who are they kidding?
BlueTucson Champion Author Syracuse Posts:2,145 Points:1,246,530 Joined:Sep 2005	Message Posted: Jul 13, 2012 8:28:58 AM Ignore BlueTucson Report Abuse This would be good for responsible drivers. As more of them got their rates lowered by this program, the insurance companies would undoubtedly begin to raise rates for the non-pay-as-you-drive customers as this group would have a higher percentage of bad drivers. Of course, having something like this installed would also serve to make drivers more aware of their driving habits, as they would effectively have someone looking over their shoulder all the time. For that reason, it might help to lower overall accident rates, making everyone safer, as the article mentioned.
tbgasmizer Champion Author Ontario Posts:6,053 Points:1,229,770 Joined:Oct 2009	Message Posted: Jul 13, 2012 8:28:27 AM Ignore tbgasmizer Report Abuse Who will really benifit from this?
bart_reed Champion Author Los Angeles Posts:3,959 Points:782,705 Joined:Mar 2011	Message Posted: Jul 13, 2012 8:24:26 AM Ignore bart_reed Report Abuse Insurance companies aren't in business to save consumers money.
MikLamb Champion Author Texas Posts:7,970 Points:2,172,195 Joined:Jun 2006	Message Posted: Jul 13, 2012 8:19:57 AM Ignore MikLamb Report Abuse Ticobird is right. Why would insurance companies come up with something that would solely lower rates? It's a marketing tool, like all of the ads for satellite TV that promise an initial low rate, then jack it up after a period of time.
Ticobird Champion Author Huntsville Posts:3,215 Points:1,113,090 Joined:Oct 2009	Message Posted: Jul 13, 2012 8:17:23 AM Ignore Ticobird Report Abuse This idea has never appealed to me mainly because the insurance companies came up with it. You know they would have to stand more to gain than the consumer or they would not have developed the idea. Give me a break, I wasn't born yesterday. Today's informed consumer is basically skeptical due to decades of manipulation in conjunction with better news reporting. Anyway, look for insurance companies to push this model by charging more for conventional coverage while saying this proposed alternative results in lower rates. I hope the state insurance regulators are up to the task.
tutaw Champion Author Kentucky Posts:3,585 Points:839,820 Joined:Sep 2008	Message Posted: Jul 13, 2012 8:10:28 AM Ignore tutaw Report Abuse interesting
Rick52 Champion Author Milwaukee Posts:12,013 Points:1,195,720 Joined:Mar 2005	Message Posted: Jul 13, 2012 8:09:36 AM Ignore Rick52 Report Abuse caddilac: Thanks...Yess..What is the big Secret ??
Rick52 Champion Author Milwaukee Posts:12,013 Points:1,195,720 Joined:Mar 2005	Message Posted: Jul 13, 2012 8:07:19 AM Ignore Rick52 Report Abuse Yesss !!! Will it be used against you ??? The Big Question !!
curlypooh Champion Author New Jersey Posts:11,151 Points:2,002,870 Joined:Apr 2007	Message Posted: Jul 13, 2012 8:06:21 AM Ignore curlypooh Report Abuse Used to drive more reckless before I started flying. Then realized that I could kill myself in seconds and fly as fast as I wanted to. Took the thrill out of driving crazy. That and getting old have slowed me down. Guess they would pay me to buy insurance!
Hangnail309 Champion Author Manitoba Posts:6,009 Points:1,674,255 Joined:Aug 2006	Message Posted: Jul 13, 2012 8:06:13 AM Ignore Hangnail309 Report Abuse Yesterday's news.
caddilac Champion Author Ontario Posts:16,588 Points:2,137,530 Joined:Apr 2007	Message Posted: Jul 13, 2012 8:04:58 AM Ignore caddilac Report Abuse jeff95519 writes, "no thanks, look into who owns progressive" jeff95519, instead of playing guessing games, why in the hell don't you just tell us who owns Progressive??????? What devil owns Progressive????? Iran, Iraq, Cuba????????
JeepGuyKS Rookie Author Topeka Posts:58 Points:343,625 Joined:Nov 2010	Message Posted: Jul 13, 2012 8:04:03 AM Ignore JeepGuyKS Report Abuse Sounds like something I might try...
SSchmidty Champion Author Illinois Posts:9,333 Points:1,774,280 Joined:Mar 2008	Message Posted: Jul 13, 2012 8:00:27 AM Ignore SSchmidty Report Abuse Thursday's news article.
jeff95519 Champion Author California Posts:2,437 Points:1,351,315 Joined:Sep 2008	Message Posted: Jul 13, 2012 8:00:24 AM Ignore jeff95519 Report Abuse no thanks, look into who owns progressive
BearGolfn Champion Author Twin Cities Posts:2,199 Points:546,720 Joined:May 2011	Message Posted: Jul 13, 2012 8:00:11 AM Ignore BearGolfn Report Abuse some people could benefit from this
bevmill Champion Author Georgia Posts:2,567 Points:597,620 Joined:Apr 2006	Message Posted: Jul 13, 2012 7:59:37 AM Ignore bevmill Report Abuse ok
bjdorval Champion Author Quebec Posts:2,244 Points:1,132,005 Joined:Jul 2008	Message Posted: Jul 13, 2012 7:59:27 AM Ignore bjdorval Report Abuse Please nudge the intern. Yesterday's news.
Siddie1926 All-Star Author Houston Posts:824 Points:204,320 Joined:Jun 2009	Message Posted: Jul 13, 2012 7:59:22 AM Ignore Siddie1926 Report Abuse Would be great but will never happen
mswillia Champion Author Milwaukee Posts:2,618 Points:570,625 Joined:Feb 2010	Message Posted: Jul 13, 2012 7:58:50 AM Ignore mswillia Report Abuse ok, but how is this fuel related?
porotito Champion Author Houston Posts:2,140 Points:577,735 Joined:Dec 2010	Message Posted: Jul 13, 2012 7:58:40 AM Ignore porotito Report Abuse This won't make me want to drive at all!
rippertoo Champion Author Tacoma Posts:5,740 Points:1,138,910 Joined:Jan 2010	Message Posted: Jul 13, 2012 7:57:33 AM Ignore rippertoo Report Abuse "Could" but "Won't".
TommyTraveler Champion Author Cincinnati Posts:8,664 Points:1,695,380 Joined:Nov 2007	Message Posted: Jul 13, 2012 7:57:25 AM Ignore TommyTraveler Report Abuse No way
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: Jul 13, 2012 7:57:19 AM Ignore Clits Report Abuse Like all the other krap they say is better for you and you save a ton by letting us do this or that... CONTROL! Not Me. I Don't use a cell phone, GPS,and not about to have them track my TRUCK!
mh44s Champion Author Madison Posts:4,374 Points:1,687,040 Joined:May 2006	Message Posted: Jul 13, 2012 7:56:39 AM Ignore mh44s Report Abuse No thanks.
windows7isfast Champion Author Winnipeg Posts:2,394 Points:488,325 Joined:Nov 2011	Message Posted: Jul 13, 2012 7:56:27 AM Ignore windows7isfast Report Abuse OK
CDMAuto Champion Author Connecticut Posts:3,778 Points:750,990 Joined:Apr 2011	Message Posted: Jul 13, 2012 7:56:24 AM Ignore CDMAuto Report Abuse Population control
Minutefan Champion Author Springfield Posts:3,300 Points:1,243,605 Joined:Aug 2004	Message Posted: Jul 13, 2012 7:56:12 AM Ignore Minutefan Report Abuse just don't file a claim.
WhiteTreeIndian Champion Author New Jersey Posts:5,639 Points:1,119,185 Joined:Dec 2009	Message Posted: Jul 13, 2012 7:56:09 AM Ignore WhiteTreeIndian Report Abuse Get multiple offers all the time here.
Rednix Champion Author Miami Posts:6,143 Points:1,272,810 Joined:Jul 2009	Message Posted: Jul 13, 2012 7:55:49 AM Ignore Rednix Report Abuse I don't know about that.
bmsgolf Champion Author Amarillo Posts:2,032 Points:451,330 Joined:May 2011	Message Posted: Jul 13, 2012 7:55:14 AM Ignore bmsgolf Report Abuse No thank you.
ou812again Champion Author Cincinnati Posts:3,304 Points:667,110 Joined:Apr 2011	Message Posted: Jul 13, 2012 7:54:33 AM Ignore ou812again Report Abuse another insurance company scam.........
car253 Champion Author Ohio Posts:6,283 Points:1,466,670 Joined:Oct 2008	Message Posted: Jul 13, 2012 7:54:29 AM Ignore car253 Report Abuse This is one slippery slope.
cheap59 Champion Author Michigan Posts:4,240 Points:960,020 Joined:May 2010	Message Posted: Jul 13, 2012 7:54:19 AM Ignore cheap59 Report Abuse Interesting
Rockyguitar Champion Author Tampa Posts:2,552 Points:1,199,745 Joined:Sep 2008	Message Posted: Jul 13, 2012 7:54:11 AM Ignore Rockyguitar Report Abuse Fine idea, but we've dropped Progressive because of its owner, Peter Lewis. He is a socialist and heavily supports those causes including the occupier in the Whitehouse.