In an effort to fine-tune its auto policy underwriting, an Ohioinsurance giant said it will pay its policyholders $50 if theyinstall a tiny device that records the speeds at which theydrive.
Dave Huber, product development manager for MayfieldVillage-based Progressive Direct, said policyholders are beingcontacted over the Internet with the aim of securing 15,000participants willing to provide six months of data.
Those who agree to take part, he said, will be mailed amatchbox-sized device called a "TripSensor," which plugs into theonboard diagnostic port that manufacturers have included in all1996 or newer vehicles since it was mandated by the U.S.Environmental Protection Agency for emission testing.
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