Business travelers who park their cars at the airport several days a
week. Families with an extra car they only drive occasionally. Drivers
who avoid slamming on the brakes. They’re all less likely to be in an
accident and can save money on their car
insurance with Snapshot,
Progressive’s optional Pay
As You Drive® insurance discount program, a form
of insurance also known as usage-based insurance (UBI)
that has formally launched in Tennessee.
Progressive's Snapshot device. Plug it in and see if you'll save! (Photo: Business Wire)
With Snapshot, consumers can save on their car insurance based on their
safe driving habits. Drivers currently earning discounts in the optional
program are already saving an average of $150 per year. The program is
now available to Progressive customers in Tennessee and open for a free
test drive to all drivers in the state even if they are not Progressive
customers. To test drive Snapshot, visit: http://www.progressive.com/auto/snapshot-test-drive.aspx
or call your local agent.
Snapshot creates a personalized insurance rate based on a driver’s
actual habits. Progressive has been awarded seven patents on the methods
and systems used in Snapshot, creating a program that is unmatched in
its advanced technology, security and ability to optimize discounts for
customers.
“More than 1.6 million drivers have participated in our program to get
personalized car insurance rates by sharing information about their safe
driving,” said Dave Pratt, Progressive’s general manager of usage-based
insurance. “Now, Tennessee drivers are just 30 days away from saving
with Snapshot.”
How Snapshot Works
-
After drivers sign up for the Snapshot program, they receive a device
that fits in the palm of their hand and plugs into the on-board
diagnostic (OBD) port of their car. The Snapshot device measures how,
how much and when consumers drive their vehicle, then sends that
driving data to Progressive.
-
After 30 days, customers will find out if they’re eligible for a
discount based on their driving habits. People who drive less, in
safer ways and during safer times of day are more likely to get a
discount.
-
Customers who keep the device installed for their six-month policy
term will receive their final discount and return the device to
Progressive.
-
Non-customers who test drive Snapshot will have the option to switch
to Progressive and apply their discount, or return the device to
Progressive without switching.
Other Facts
-
Snapshot is voluntary and customers can opt out at any time.
-
Drivers who are not Progressive customers are not required to switch
after test driving Snapshot.
-
Drivers can earn a discount based on their driving behavior – of those
who plug in the device, most drivers save.
-
Customers can review their projected discount simply by visiting www.progressive.com
and logging into their policy, or using Progressive’s mobile app.
-
Progressive has tested and refined its UBI program for more than 15
years and has collected more than nine billion miles of driving data.
Links
About Progressive
The Progressive Group of Insurance Companies makes it easy to
understand, buy and use auto
insurance. Progressive offers choices
so consumers can reach it whenever, wherever and however it’s most
convenient—online at progressive.com, by phone at 1-800-PROGRESSIVE, on
a mobile device or in-person with a local agent.
Progressive also offers insurance for personal and commercial autos and
trucks, motorcycles, boats, recreational vehicles, as well as home
insurance through select carriers. It’s the fourth largest auto insurer
in the country, the largest seller of motorcycle
insurance and a leader in commercial
auto insurance. Progressive also offers car
insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering
shopping tools and services that save customers time and money, like Name
Your Price®, Snapshot®
and Service
Centers.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at (NYSE:PGR).
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Copyright Business Wire 2013