Lyft driver insurance is available from Progressive

auto insurance ride share

This unique coverage is a part of a pilot program that will start being sold in Pennsylvania. Progressive has recently announced that it is launching a new Lyft driver insurance program that will be available as a part of a pilot test in Pennsylvania, and that it is exclusive to that ride sharing program. This special form of auto insurance coverage will not extend to drivers with the much larger Uber company. This Lyft driver insurance program is a first of its kind and was just rolled out by Progressive…

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Auto insurance rates are headed up due to claims and litigation

Louisiana Auto Insurance rates

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…

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Usage based insurance raises concerns over privacy

usage based insurance data security

The wireless monitoring devices that can lower premiums are making people wonder about data sharing. The wireless technology that is installed in a vehicle in order to take advantage of the possible savings from usage based insurance is starting to cause some concern among consumers who are becoming increasingly aware of the risks they are taking with regards to sharing their personal information. Some wonder precisely what is being collected and how it is being used and stored by insurers. The concept behind usage based insurance is that a wireless…

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Progressive makes insurance news with opportunities for drivers to save

Progressive has made several announcements regarding ways in which it is making auto insurance coverage more affordable. For example, it has announced that drivers in West Virginia will now be seeing lower premiums for their car insurance. According to Allison Feakins, the West Virginia product manager for Progressive, “We make it easy and affordable for consumers to get car insurance.” She explained that the company is regularly reviewing the rates that it charges and that the market conditions have now permitted some changes that will assist individuals in saving money. Moreover,…

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Patent for usage-based insurance goes to Progressive for the fourth time

Progressive Insurance has announced that it has received a patent for usage based system technologies for the fourth time for its Pay As You Drive program, which is available to drivers in the United States. The program involves using a driver’s safety score to change his or her premiums based on monitored driving data and is now patented under U.S. Patent No. 8,090,598. The usage based insurance (UBI) program at Progressive is called Snapshot, and it is now available to drivers in the District of Columbia and 39 other states.…

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Hartford to test a new form of car policy in 2012

Hartford Financial Services Group has announced its intentions to begin a pilot program in 2012 for an auto insurance policy based on telematics. Hartford’s president of consumer markets, Andy Napoli made the announcement during the company’s investors meeting. The new policy will be using telematics. According to Napoli, using the “devices in insured vehicles to transmit information about driving behavior, such as miles driven, speed, acceleration, deceleration, and using that information to price the risk.” This pilot program will be known as TrueLane and will begin in the first half…

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Millions of drivers may be eligible for car insurance discounts, according to Progressive Insurance

Progressive Insurance has issued a new report detailing how as many as 70 million drivers in the U.S. could be missing out on major savings. The insurer launched a new product earlier this year that collects data from drivers who opt to have a simple device installed in their vehicles. The device tracks driving habits and send the information to Progressive agents who determine whether these habits are safe. Those with safe driving habits are eligible for major discounts on their car insurance policies. Progressive’s report draws upon data collected…

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