More than a million drivers across the country are already taking part in pay-as-you-drive or usage-based insurance coverage from large providers, such as Allstate, Progressive and State Farm, according to the most recent estimates.
Allstate, one of the nation's largest insurance companies, allows drivers in 30 states to save money through its Drivewise program by proving they are safe drivers. By connecting a device to the vehicle, the policy tracks mileage, hard braking, speed and time of day when a vehicle is in use. Using the technology to gather the data, Allstate says it rewards drivers for being safe on the road.
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"We are committed to helping create a safer, more self-aware driver and, in doing so, we are able to pass along significant savings for safer driving," said Sarah Inciong, director of operations for Drivewise. "Having more customers participate offers us even more insight into the impact of various driving behaviors, which can help improve the product and our customer's driving habits."