Progressive "My Rate" insurance

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  • equate975
    No R3VLimiter
    • Jun 2004
    • 3382
    #1

    Progressive "My Rate" insurance

    I just saw this

    Progressive MyRate drive-monitoring device goes national
    http://www.engadget.com/2008/06/28/progressive-myrate-drive-monitoring-device-goes-national/
    Progressive insurance has been testing out the MyRate driving monitoring system for a few years now (it used to be called TripSense), but it's finally taking the system national, bringing pay-as-you-drive insurance into the mainstream. The little blue box plugs into your car's ODB II diagnostic port (all cars made after 1996 have one), and studiously records your driving habits, wirelessly sending the data back to Progressive HQ (it's not clear exactly how). Every six months, Progressive will crunch the numbers and issue a new rate for you based on how you drive -- savings of up to 40 percent are possible. That's pretty tempting, depending on your current rates and driving habits, but we're not so sure we're willing to share that much data for an unspecified discount -- especially since we're confident the MyRate box will get cracked almost immediately.[Thanks, Mike; image courtesy of Aaron Landry]Read - MyRate press releaseRead - MyRate videoRead - How MyRate works


    Pretty cool concept, but I don't know how well it would work for me.

    But I could see that being good for cars you don't drive a lot, maybe a truck you only drive on the job or weekends or something.
    Rollin' with a Geistkuchen
    Tags: None
    • joshh
      R3V OG
      • Aug 2004
      • 6195
      #2
      What happens to your rates when you autocross or do a track day.:tsk:
      Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.

      "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison

      ‎"If you've got a business, you didn't build that. Somebody else made that happen" Barack Obama

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        • nando
          Moderator
          • Nov 2003
          • 34835
          #3
          I bet you anything my insurance is still cheaper than their shit, and I get to drive my car as much as I want.

          fuck progressive.
          Build thread

          Bimmerlabs

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            • equate975
              No R3VLimiter
              • Jun 2004
              • 3382
              #4
              Originally posted by nando
              I bet you anything my insurance is still cheaper than their shit, and I get to drive my car as much as I want.

              fuck progressive.
              progressive has the best rates for me :)
              Rollin' with a Geistkuchen

                Comment

                • Aptyp
                  R3V OG
                  • Feb 2008
                  • 6584
                  #5
                  same, love progressive

                    Comment

                    • equate975
                      No R3VLimiter
                      • Jun 2004
                      • 3382
                      #6
                      Progressive MyRate Hackable?
                      http://www.hackaday.com/2008/06/28/progressive-myrate-hackable/
                      Progressive Insurance announced that it will be rolling out its MyRate plan nationally. You participate by plugging a monitoring device into the ODB-II port on your vehicle. Once every six months y…


                      Looks like its a re-branded carchip

                      Would be kind of fun to change the VIN on an ecu (I'm assuming this is how they verify "your" car) and plug it into a car you don't drive really.
                      Rollin' with a Geistkuchen

                        Comment

                        • bottlecape30
                          Noobie
                          • Sep 2006
                          • 22
                          #7
                          sounds like just one more step big brother is taking to control our lives.
                          I hate progressive they fucked me over for a long time and were forced to pay me back by the courts.
                          sigpic

                            Comment

                            • clavinZERO
                              Hella sick E30
                              • Mar 2004
                              • 2027
                              #8
                              Originally posted by bottlecape30
                              sounds like just one more step big brother is taking to control our lives.
                              I hate progressive they fucked me over for a long time and were forced to pay me back by the courts.
                              how so? what happened?

                              "BMW Style 32 Poster-Child"
                              HTTP://WWW.CLAVINZERO.COM/e30-5-lug
                              **(My Guide to E36 M3/Z3 1.9L 5-lug Swap)                              **

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