State Farm uses telematics to help drivers obtain better car insurance rates

State Farm has announced that it has partnered with Hughes Telematics Inc. in order to give its car insurance customers the opportunity to use an in-vehicle device so that they may lower their auto insurance rates. State Farm is calling the program In-Drive, and uses technology developed by the Atlanta-based telematics company to give its Illinois policy holders a chance to take part in the program starting in September. Other states may also be offered this program in 2012. The features of the technology are comparable to some of those…

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California drivers get a break with new “pay as you go” insurance plans

Two companies have been approved by Insurance Commission, Steve Poizner, to offer low mileage insurance for California residents beginning in Feburary 2011. State Farm and Auto Club of So. California is expected to roll out discounted rates and incentives for people who drive less – other insurers are expected to follow. State Farm’s plan is to collect odometer readings at the time of signing up or if the client has an OnStar system with GMAC, they can submit electronically. Afterwards checks would be done by the company or other outside…

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