Comments on: Progressive MyRate http://s4xton.com/1753/progressive-myrate/ Minneapolis, Minnesota Wed, 03 Dec 2008 07:47:02 +0000 http://wordpress.org/?v=2.6.5 By: Goal: Gather even more driving habit data — Improving mileage, awareness, and safety - HardCoreCommuting http://s4xton.com/1753/progressive-myrate/#comment-125574 Goal: Gather even more driving habit data — Improving mileage, awareness, and safety - HardCoreCommuting Sun, 30 Nov 2008 06:02:29 +0000 http://s4xton.com/1753/progressive-myrate/#comment-125574 [...] get anything but the minimum 5% discount for my car by just being in the plan. I tend to agree with Arron Landry about the data being worth far more than my 5% discount. I guess I’d be far less skeptical of [...] [...] get anything but the minimum 5% discount for my car by just being in the plan. I tend to agree with Arron Landry about the data being worth far more than my 5% discount. I guess I’d be far less skeptical of [...]

]]> By: CC http://s4xton.com/1753/progressive-myrate/#comment-122570 CC Tue, 25 Nov 2008 20:42:52 +0000 http://s4xton.com/1753/progressive-myrate/#comment-122570 People complain that their rates aren't representative of their actual driving behaviour. Now that there's an option to show the insurance company how they actually drive, people are complaining that the IC will have accurate data. Bottom line, only the people who have something to hide won't wanna join the program.. which is exactly the point. It's called self-selection. I drive well, get a big discount and laugh at the suckers who complain about Big Brother. People complain that their rates aren’t representative of their actual driving behaviour.
Now that there’s an option to show the insurance company how they actually drive, people are complaining that the IC will have accurate data.

Bottom line, only the people who have something to hide won’t wanna join the program.. which is exactly the point. It’s called self-selection.

I drive well, get a big discount and laugh at the suckers who complain about Big Brother.

]]> By: Bob http://s4xton.com/1753/progressive-myrate/#comment-117011 Bob Tue, 18 Nov 2008 14:42:56 +0000 http://s4xton.com/1753/progressive-myrate/#comment-117011 Great information! Installing this chip would probably increase my insurance by 1,000%. I have a lead foot :) Great information! Installing this chip would probably increase my insurance by 1,000%. I have a lead foot :)

]]> By: Trading Privacy in Exchange for Lower Insurance Rates? « JETLawBlog: The Official Blog of the Vanderbilt Journal of Entertainment and Technology Law http://s4xton.com/1753/progressive-myrate/#comment-93673 Trading Privacy in Exchange for Lower Insurance Rates? « JETLawBlog: The Official Blog of the Vanderbilt Journal of Entertainment and Technology Law Fri, 19 Sep 2008 01:15:09 +0000 http://s4xton.com/1753/progressive-myrate/#comment-93673 [...] the effect of minimizing aggregate insurance rates, pollution, and accidents. Others, though, are skeptical about the benefits, and argue that to realize any significant discount, one would have to drive quite rarely. [...] [...] the effect of minimizing aggregate insurance rates, pollution, and accidents. Others, though, are skeptical about the benefits, and argue that to realize any significant discount, one would have to drive quite rarely. [...]

]]> By: Cryptor http://s4xton.com/1753/progressive-myrate/#comment-80857 Cryptor Thu, 24 Jul 2008 18:40:16 +0000 http://s4xton.com/1753/progressive-myrate/#comment-80857 Vasil hate to break this to you but GMAC offers insurance and they do use the OnStar data to help determine rates (voluntary) but OnStar can see your data no matter what. An insurance company can not deny claims if you are found not at fault. Even at fault it's not likely that data would be used. With MyRate the data is only provided to law enforcement with a court order, period. In theory Progressive would attract more safe drivers with the discount increasing the amount of premium taken it while reducing the amout in claims paid out. Smart actually. Steal the best drivers from other companies by offering the discount. Vasil hate to break this to you but GMAC offers insurance and they do use the OnStar data to help determine rates (voluntary) but OnStar can see your data no matter what. An insurance company can not deny claims if you are found not at fault. Even at fault it’s not likely that data would be used. With MyRate the data is only provided to law enforcement with a court order, period. In theory Progressive would attract more safe drivers with the discount increasing the amount of premium taken it while reducing the amout in claims paid out. Smart actually. Steal the best drivers from other companies by offering the discount.

]]> By: Vasil Lalov http://s4xton.com/1753/progressive-myrate/#comment-74283 Vasil Lalov Thu, 12 Jun 2008 17:09:20 +0000 http://s4xton.com/1753/progressive-myrate/#comment-74283 This is nothing. Just wait till OnStar starts submitting all the information to the insurance companies. It will get even worse, when they start reporting data concerning the technical condition of your vehicle: tire pressure, oil pressure, seat belts on/off, whether GPS is in use or not, the volume of your radio. I will not be surprised if very soon insurance companies will start jacking up rates if they see that you like to drive with your windows down, radio blasting, no seat belts and have a low tire pressure. Even worse, imagine you get into an accident which is not your fault, but you had all that data submitted to the insurance company. They may deny coverage after the accident has occurred. This is nothing. Just wait till OnStar starts submitting all the information to the insurance companies. It will get even worse, when they start reporting data concerning the technical condition of your vehicle: tire pressure, oil pressure, seat belts on/off, whether GPS is in use or not, the volume of your radio.

I will not be surprised if very soon insurance companies will start jacking up rates if they see that you like to drive with your windows down, radio blasting, no seat belts and have a low tire pressure.

Even worse, imagine you get into an accident which is not your fault, but you had all that data submitted to the insurance company. They may deny coverage after the accident has occurred.

]]> By: susan austin http://s4xton.com/1753/progressive-myrate/#comment-73192 susan austin Thu, 05 Jun 2008 13:49:56 +0000 http://s4xton.com/1753/progressive-myrate/#comment-73192 That's so cool that you have that photo. I love it. I took mine with my iphone, I'll post more later this morning.... That’s so cool that you have that photo. I love it.
I took mine with my iphone, I’ll post more later
this morning….

]]> By: Daniel http://s4xton.com/1753/progressive-myrate/#comment-73140 Daniel Thu, 05 Jun 2008 03:57:43 +0000 http://s4xton.com/1753/progressive-myrate/#comment-73140 Wonder if you can drive your car backwards to shave off some miles.... Nah they probably thought of that..... :-) Wonder if you can drive your car backwards to shave off some miles…. Nah they probably thought of that….. :-)

]]> By: Bill Roehl http://s4xton.com/1753/progressive-myrate/#comment-73075 Bill Roehl Wed, 04 Jun 2008 13:27:09 +0000 http://s4xton.com/1753/progressive-myrate/#comment-73075 Mitch, While I don't agree with giving up more of my personal privacy to a corporation for a financial benefit, at least it's better than mandatory monitoring. Bill Mitch,

While I don’t agree with giving up more of my personal privacy to a corporation for a financial benefit, at least it’s better than mandatory monitoring.

Bill

]]> By: Mitch http://s4xton.com/1753/progressive-myrate/#comment-73063 Mitch Wed, 04 Jun 2008 12:08:21 +0000 http://s4xton.com/1753/progressive-myrate/#comment-73063 Self-imposed monitoring is pretty odd, if not scary. I wonder if down the road you can get a discount to wear an ankle bracelet like they put on people on house arrest. - <a href="http://www.mitchster.com" rel="nofollow">Mitch</a> Self-imposed monitoring is pretty odd, if not scary. I wonder if down the road you can get a discount to wear an ankle bracelet like they put on people on house arrest.

- Mitch

]]> By: Seth http://s4xton.com/1753/progressive-myrate/#comment-72959 Seth Tue, 03 Jun 2008 12:25:54 +0000 http://s4xton.com/1753/progressive-myrate/#comment-72959 I would shop around and be sure to tell them that you are planning on jumping ship unless they can make you an attractive offer. Just make sure you have a better rate quote elsewhere else before you pull the trigger. I would shop around and be sure to tell them that you are planning on jumping ship unless they can make you an attractive offer. Just make sure you have a better rate quote elsewhere else before you pull the trigger.

]]> By: susan austin http://s4xton.com/1753/progressive-myrate/#comment-72919 susan austin Tue, 03 Jun 2008 02:42:32 +0000 http://s4xton.com/1753/progressive-myrate/#comment-72919 Hey AAron, thanks for linking my new kitten..his name is "Boo", He's a red point Birman. He just celebrated his 3 & a half month birthday today! I love your blog....keep up the twitter! Hey AAron,
thanks for linking my new kitten..his name is “Boo”,
He’s a red point Birman. He just celebrated his 3 & a half month birthday today!
I love your blog….keep up the twitter!

]]> By: Michael Janssen http://s4xton.com/1753/progressive-myrate/#comment-72889 Michael Janssen Mon, 02 Jun 2008 19:55:41 +0000 http://s4xton.com/1753/progressive-myrate/#comment-72889 We use the TripSensor / MyRate thing too, it's nice to know that can be accessed with the CarChip software - I will probably try it out next time I have to bring the chip up from the car. We generally get around 15-18% because we avoid driving late at night and I only commute three times a week - we use public transportation for everything else, which isn't bad inside the city. For $200+ a year, it is worth it to me. You used to be able to see everything that you were submitting before a recent update I thought, with the speeds and everything. We still have some windows machines around so it's not an issue - if I was Mac/Linux only it would be much more of a hassle I agree. We use the TripSensor / MyRate thing too, it’s nice to know that can be accessed with the CarChip software - I will probably try it out next time I have to bring the chip up from the car. We generally get around 15-18% because we avoid driving late at night and I only commute three times a week - we use public transportation for everything else, which isn’t bad inside the city. For $200+ a year, it is worth it to me. You used to be able to see everything that you were submitting before a recent update I thought, with the speeds and everything. We still have some windows machines around so it’s not an issue - if I was Mac/Linux only it would be much more of a hassle I agree.

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