Monday, June 30, 2008

Progressive MyRate drive-monitoring device goes national - Confession


I speed.

There I've said it. I don't know why I speed, I understand the illogic of speeding in that I'm not saving much time. I understand the consequences of speeding that being tickets and potential road rage from someone who doesn't share my view. Further I get I'm wasting gas. I understand all of that. But I still speed. I can't help it - it's wired into me. But if I'm now going to be monitored... Um no thanks.

All I can say is - Here's $10 for the guy that cracks this.. Good luck and godSPEED ;)

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.

Read - MyRate press release

Read - MyRate video

Read - How MyRate works

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