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Pay-as-you-drive auto insurance coming to N.J.

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Old 07-28-2008, 08:15 AM
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Pay-as-you-drive auto insurance coming to N.J.

LINK

It's amazing how people willingly pay to have their rights reduced. This is something that will grow in use as driving becomes more and more expensive. This can also become very popular for sports cars

Pay-as-you-drive auto insurance coming to N.J.

ASSOCIATED PRESS

One auto insurance company is offering Garden State motorists discounts of up to 60 percent if they install a high-tech monitoring device.
The wireless devices will tell Progressive how many miles are driven, how fast people accelerate and hit the brakes.

Under the pay-as-you-drive concept, good drivers will get discounts and lead foots could face surcharges as high as 9 percent.
New Jersey will be the fifth state to offer the option.
Progressive says in other states, about one-third of the company's customers have enrolled. They're saving about 10 to 15 percent.
The program will begin Aug. 8.

New Jersey motorists have the highest auto insurance rates in the nation, an average of $1,184 per vehicle.
Old 07-28-2008, 08:40 AM
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Originally Posted by expo1

The wireless devices will tell Progressive how many miles are driven, how fast people accelerate and hit the brakes.
Doesn't that defeat the purpose if they're doing it in NJ? Won't EVERYONE get surcharges? I can't remember the last time I drove somewhere that I didn't have to accelerate quickly or hit the brakes at least once during the trip...
Old 07-28-2008, 08:49 AM
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Unlike the 'Black Boxes" many cars have these devices will belong to Progressive. I am sure their attorneys will use that data in accident cases. Much like EZ-Pass, people think that info is also private.
Old 07-28-2008, 08:51 AM
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yeah, but ezpass is so worth it..
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