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Progressive Insurance Snapshot program may make it easier to lower auto premiums

February 10, 2021February 10, 2021 Marc

The insurer is temporarily tweaking the rules of its UBI to better serve policyholders during the pandemic. The Progressive Insurance Snapshot program is being temporarily altered as a part of a strategy to make it easier to reduce a customer’s premiums throughout the COVID-19 pandemic. This usage based insurance program was designed to help good driving habits to be reflected in premiums. The Progressive Insurance Snapshot program uses either a mobile app or a device installed in the vehicle to track a policyholder’s driving behaviors. It detects occurrences such as…

Factors influencing auto policy premiums are a mystery to most drivers

May 12, 2014May 10, 2014 G. Turner

A recent J.D. Power study showed that many motorists don’t know what will impact their bill. J.D. Power recently released the results of a study that they conducted which showed that the majority of vehicle owners don’t have an accurate understanding of the factors that will cause their auto policy premiums to change. This lack of understanding could be causing these consumers to pay too much for their coverage. At a time in which the cost of an auto policy is already rising in many places, it is important for…