How customized is your auto insurance?
There is a large discount out there for good drivers, but most people are missing out on it. That discount program is for using tracking apps or plug in devices. There is a lot of confusion and fear when it comes to this, so we wanted to clear the air some. These programs vary a lot from one company to another, so we’re just going to cover the general areas these programs look at.
We want to get you the best rate we can for great coverage, and this is a huge discount with some companies. Most companies are looking at 4 main areas:
- Hard Braking
- Total Miles Driven
- Time of Day Driven
- Fast Acceleration
For hard braking, they’re looking to see if you have a repeated pattern of hard braking. They know sometimes you have to brake quickly. They want you to drive safe and sometimes that will involve stopping fast to avoid an accident. But if you do it all the time, then you’re at a higher risk of having a claim.
For total miles driven, for the most part the more you’re on the road, the more likely you are to have an accident. So if you’re a low mileage driver, you’ll see the best rates for this category, but some companies will actually award you for higher mileage with low frequency of high risk behavior. So have the discussion with us about which company would be best for you if you are low mileage vs high mileage!
Time of Day
For the time of day, most companies don’t like seeing too much driving from midnight to 4am. More animals are out, visibility isn’t as good as during the day (usually), and sometimes claims happen from drivers getting tired behind the wheel. But again, the occasional time won’t make you lose out on all possible discounts.
Fast acceleration is pretty self-explanatory. Fast acceleration is just like hard braking and needed from time to time (like when passing on a country road), but should not happen too often.
These are the majority of insurance company tracking programs. Some will track other things like speeding (driving over a certain speed, like 80mph) or hard cornering too, but most are only the above. They are looking for safe driving habits. Those safe driving habits usually turn into lower likelihood of claims, which saves them money. They pass a decent amount of that savings to you.
So the point of this post is to help you make a more informed decision on if these programs are worth it. They aren’t as scary as most people think, and some companies offer up to 50% off your rate! HALF PRICED INSURANCE!!!
If you’re someone that does well in these areas and ready to give it a shot, reach out today to get a quote and we’ll make sure to include options where you can try to earn your huge discounts too!