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Wednesday, September 3, 2008

Progressive Will Reduce Insurance Premiums if it Can Monitor Your Driving

Progressive Insurance has a new high-tech is a monitoring system to play for drivers. Depending on how you drive, agreeing to install the device in your car could save you up to 60% on your insurance premiums - or cost you more than 9%.

The device monitors driving habits, including jackrabbit starts, suddenly slamming on the brakes, acceleration and at what time of day the person is driving. All drivers who sign up for the program will be rewarded with a first reduction of 10%, with further reductions (or increases) available depending on what the device said progressive on your driving habits .

A pilot programme was underway in Alabama, Oregon and Minnesota, with a national launch rolling throughout 2009. GMAC Insurance and OnStar offers a kind of discount.

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