February 19th, 2012 5:01 am
Lower your car insurance costs
For a cost, would you let auto insurer along for the ride? –
asks a USA Nowadays technologies story by Kevin Maney. It appears
that Progressive Insurance and IBM have worked out a scheme to
pay drivers to be safer – by monitoring their each move in
their own vehicles, and how quick they make that move, and exactly where
they park, and what time they drive.
The program is getting tested in Minnesota and inside the U.K. in a
privacy busting program that rewards drivers for keeping under
the maximum speed limits and driving in the course of safer times of
day. It is an fascinating twist which is compared here to a
shopper reward card that monitors what you obtain, while it
does not provide you with lower costs should you purchase wholesome food – which
appears like the most effective analogy. (However it does let the food chains
know how generally you shop and just how much you devote on what varieties
of food, and alcohol, and cigarettes and trashy tabloids.)
Drivers need to attach an electronic monitor to their vehicles that
downloads data that is generated and stored there in
diagnostic chips included in most newer model vehicles. As they
drive, it shops existing driving behavior – and location – and
driving times and in the end of the defined time, drivers take
the unit into the home, attach a USB cable and download that
details into their personal computer and transmit it to
Progressive.
But the insurance discount program does have an fascinating
twist inside the Minnesota test. Apparently drivers who see from
their downloaded info (or just know they drove badly at
times) that they exceeded maximum speed limits, drove throughout
high-priced times (2am when bars close is most high priced, immediately after
11pm is next) can select NOT to send that info to
Progressive and pay the typical undiscounted insurance
rate.
It appears to have the accurate benefit of generating drivers turn into
a lot more cautious and drive inside limits of the law throughout secure
hours. There is certainly absolutely nothing wrong with this for those willing to
give up the facts. This enables those willing to be
monitored the option to send the info to their insurer
and get a discount or NOT send it to pay typical rates. It is
worth contemplating.
I’m amongst people who continues to utilize supermarket loyalty
cards, despite the fact that I despise the truth that they are able to see my
acquire history and note my travel habits. The savings are
just too terrific to pass up. (I employed a false name to set the
card up, but promptly noted that they tied together my debit
card name and loyalty card purchases, therefore gaining that
info that I had denied them using the false name – now I
use money.) You absolutely cannot do exactly the same using the insurance
driving discounts. Data need to be accurate to appropriately
insure and discount the policy.
The UK program is far more invasive and provides far much less selection.
Drivers ought to generally download the facts from the automobile
module to acquire insurance discounts along with the British organization
monitors far more details from those UK drivers.
The US version may possibly have some merit if option remains a portion of
the equation upon full rollout to American drivers who want
that ten percent discount on auto insurance policies in
exchange for giving up the privacy of their driving habits.
The disturbing portion of this, once again, as generally, could be the probable
merging of many databases to form near ideal
surveillance photos of us with each and every new development. Our
supermarket discounts show that major database what we eat,
what else we obtain in the
grocery, the insurance data
defines our travels and schedule, our credit and debit card
use defines our spending, travel and lifestyles, though
numerous other databases from airline security information to telephone
records could be merged at any time to form near excellent
photos of our lives for everyone that wants to access it.
When a national ID (driver licenses will soon carry mandatory
magnetic data and will serve as a defacto national ID),
we is often totally monitored, tracked, analyzed and digitized to
form a genuinely invasive database of numbers and bits of
info about every of us.
The sources of information about every of us are growing everyday. The
concern will be the loss or abuse of that information by way of commercial
and/or governmental negligence and/or criminal intent. The
techniques to access that information are growing as the sources
proliferate.
Privacy is some thing we give up in tiny bits for little
positive aspects, like less expensive generate utilizing supermarket loyalty cards
and insurance discounts making use of automobile monitors hooked as much as our
insurance carrier. We have to have laws to manage and safegaurd every single
of those databases and quit any merging of those several
sources of information into the ultimate Major Brother database.
I want my vehicle insurance decreased and I’m willing to think about
this newest scheme if I’ve selection of no matter if to send my information
to my insurer. I will send it when I’ve been excellent and will not
when I’ve been much less very good. But I do not want it merged with my
other sources of information or shared amongst commercial interests who
could see fit to sell it to every other.
It gets much more fascinating every day. Who’s in manage of this
privacy devouring information monster?
In other Insurance:Car Auto news:
Question My license is suspended I39ve been told that to reinstate it I need to get insurance and file an SR22 form How do I get insurance without a valid license It seems like a Catch22 in that I can39t reinstate my license without insurance and to get insurance I need a valid license
It doesn39t matter whether you39re buying a new car or used car it39s easy to get caught off guard about the costs to keep that car on the road especially when it comes to car insuranceCar insurance rates
It doesn39t matter whether you39re buying a new car or used car it39s easy to get caught off guard about the costs to keep that car on the road especially when it comes to car insurance
ANOTHER whole day of intense racing action unfolds as the Tuason Racing School stages the third TRS Raceday this Sunday at the Batangas Racing Circuit
A whole lot of Connecticut39s drunk drivers will be spending a whole lot more money this year possibly as much as 72 million on technology designed to keep them from boozing it up and then getting behind the wheel
When I got my drivers license 40 years ago times were certainly less complicated than today
Also lower your car insurance costs info:
Article
You may think that new small economy car youre eyeing will save you money in the long run because gas costs will be lower than your neighbors minivan but think again The insurance rates could wipe
Satnav manufacturer TomTom has joined forcers with insurance broker Motaquote to launch a new car insurance product that rewards safe drivers with lower costs
You may think that new small economy car youre eyeing will save you money in the long run because gas costs will be lower than your neighbors minivan but think again The insurance rates could wipe those savings out even if youre a great driver
Satnav manufacturer TomTom has joined forcers with insurance broker Motaquote to launch a new car insurance product that rewards safe drivers with lower costs
Paying these fees will save you money
A retiree qualified for lower car insurance premiums but found that out only after a chance piece of mail prodded him to call his insurer
Free websites to help you choose your next car and dealer NADA Guides An excellent shopping tool with list prices photos
Policy could benefit good drivers who install performance tracking device The AA is to launch an insurance policy which uses black box technology to track driver performance potentially lowering premiums for hundreds of thousands of young and inexperienced drivers The AA Drivesafe policy will require the installation of a black box in the driver39s car which will use satellite technology to
The world of 39telematics39 can tell you how fast you are moving and whether you habitually accelerate or brake suddenly If you prefer driving like Lewis Hamilton this technology will send your premiums soaring
Article # 7d6dcaa44a42d231bc43 source: Estrella Kiffer is a prodigious fount of knowledge about and she also is an expert in lower your car insurance costs find out more on her web site © February 18, 2012, 9:01 pm
Ref: eduqe8y8emagete