(Reuters) - California is turning into a battleground for technology that allows auto insurers to track their customers' driving behavior and offer them lower premiums, b u t that privacy advocates reject as an excessive intrusion with serious consequences.
Insurance companies are increasingly installing small boxes in clients' cars that monitor everything from how much customers drive to their average speeds to where they drive.
Auto insurer Progressive Corp, which leads the market for so-called usage-based insurance, estimates that about 70 percent of the people who sign up for the program drive well enough to get a discount.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
