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Originally Posted by evilskillit
I had never heard of Progressive Myrate, so I googled it. How is that working out for you? Sounds a bit scary to me to have my insurance company know all of my driver inputs. I wonder how they use them to determine what (if any) discount you get.
I assume you have to have it on as long as you want the discount? I would imagine I could hook one up for a few months and exhibit really good behavior. But there is no way I could be good forever, one of those would eventually get me in more trouble than it would save me I imagine.
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It's working out quite well, especially on my truck which is rarely driven. I get nearly the full 20% discount on that. I just bought a new car, so it's too soon to tell what sort of discount I will get, but the minimum is 5% just for reporting. I got something like an 8% discount with my old Subaru, mostly because I was working a shift which made me drive at high risk hours (1am).
You have to weigh the benefits of lower premiums with the downside of having Big Brother watch your driving habits. In fact, the device can even be subpoenaed by law to determine the driving conditions which preceded a crash. This could either exonerate or condemn you.
I heard that keeping below 75mph 99.9% of the time results in an extra discount, so the effect has been that I now drive slower (72ish). This improves my fuel mileage and reduces my chance of being pulled over. Overall, I think the program is great because it saves you money and creates an incentive to be mindful about how you drive.