3/22/2023 0 Comments Drivetracker![]() If you’ve seen a Facebook ad for baby shoes after Googling “baby clothes”, that’s your personal data at work. Google, Facebook, and other social media sites have been doing this for years. State Farm, Progressive, and Allstate say that your personal data may be shared with affiliated advertisers. ![]() Many expressed concerns about how insurance companies would use their data, especially location tracking. About 45 percent believed the risks outweighed the potential reward. In 2015, a survey by the Pew Research Center found that only 35 percent of adults surveyed would allow their insurance company to track their driving habits in exchange for a possible discount. With good reason! Your web browsing history alone is worth thousands of dollars to data brokers who collect and sell your personal data to advertising firms, insurance companies, and who knows who else. Besides earning you a discount, could your insurance company be using your data for something else? And if you are ever in a car accident, could your data be used against you? How Do Insurance Companies Use Your Data?Īmerican consumers are more concerned about who has access to their personal data now than they were when tracking programs became available. After all, what’s to stop them from setting the bar so high that earning a discount becomes impossible?Īnd there is the mystery of what happens to your data once it is collected. The fact that your insurance company gets to decide what safe driving looks like may ring some alarm bells. The app also tracks how often your phone is used while you drive, though they say phone usage won’t affect your discount. Allstate only uses the time of day, braking, and speed to calculate monthly discounts.ĭrive Safe and Save from State Farm dings your driving performance if you take “quick, sharp turns,” and tracks acceleration and braking speeds. The Allstate Drivewise app stores the time of day you drive, braking, speed, parking location, mileage, and trip data. Different insurance companies use different metrics to measure safe driving. Insurance companies use data collected by their driving programs to determine whether or not you qualify for a safe driving discount. What Data is Collected by Drive Tracking Programs? And as some have pointed out, there is the possibility that insurance companies will simply raise their premiums to cancel out any earned discount. Some drivers even saw their rates rise after using drive tracking programs. As to whether or not customers feel like they’ve gotten their money’s worth from these programs, reviews are divided. Allstate offers a discount just for signing up for Snapshot, and the average Snapshot user saves 145 dollars when they renew their policy, typically 6 months after signing up for the program.īut these are the numbers put out by the companies. State Farm claims that some users could earn as much as a 50 percent discount. Insurance companies do not want to part with a single dime unless they have to.Īs to whether or not your driving habits will actually earn you a discount, the boring answer is: it depends. You can then see how your driving habits stack up on the app, on your insurer’s website, or via email reports. Common data includes acceleration rate, drive speed, braking speed, and total miles driven.ĭriveWise by Allstate and Snapshot by Progressive are two of the few programs that still offer a telematics device as well as an app version for your phone.Īpps work the same as the plug-in device, but often require Bluetooth or location services to be turned on every time you drive. Telematic devices monitor a variety of data. ![]() Now insurance companies can collect the same information via smartphone app or OnStar. Once upon a time, plugging a telematics device into the car was the only way to collect driving data. But if you are in a car accident, your insurance company may use your tracking data to assign fault where it isn’t due. How much information do these programs actually collect? What else could your insurance company be doing with your data?Īs to whether or not you’ll actually receive a discount from using a car insurance tracking device or app, that depends on how your insurance company defines “safe driving”. Since then State Farm, Allstate, Liberty Mutual, and Nationwide among others have rolled out similar programs to track driving habits and reward drivers with safe driving discounts.īut it isn’t 1998 anymore, and concerns about who sees our data and how our data is used have made consumers wary of Snapshot and other tracking apps. Progressive introduced their Snapshot program in 1998. “Drive and save” programs are nothing new. ![]()
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