As insurance premiums seem to increase frequently, it isn’t a wonder why consumers are looking for ways to lower their rates. Most auto insurance companies offer some sort of discount for safer driving that’s tracked by the insurance company. This is why we were interested in exploring the question posed by Mary regarding the pros and cons of allowing your insurance company to track your driving in exchange for potentially lower premiums. 'State Farm ...
What information is collected? Though each auto insurance company collects different data points, the common types of data collected include but are not limited to: HOW TO REMOVE YOUR PRIVATE DATA FROM THE INTERNET How do usage-based insurance programs work? Usage-based insurance programs, also known as telematics or 'pay-as-you-drive' insurance, have gained popularity among major insurers as a way to offer personalized premiums based on individual driving behavior.
What are the benefits? While the specific amount of discount depends on the insurance company and driver, State Farm, for example, claims that those enrolled in its Drive Safe & Save program can initially save 10% by enrolling in the program with up to a 30% discount possible. It is important to note that the percentage you can save may be capped in certain states, such as New York, where the discount is capped at 30%.
Remember, it’s always crucial to read and understand the terms and conditions before using any app, especially those that collect personal data. It’s your data, and you have the right to know how it’s being used. Are you part of any insurance tracking program? Do you feel the benefits outweigh the privacy concerns? Let us know by writing us at Cyberguy.com/Contact For more of my tech tips and security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Cyberguy.