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There's a lot of pessimism ITT, but I'd like to say: As a new driver, I love these things. I started off with a multi-thousand insurance bill yearly, even with

• easytiger 11y ago
  > If it required GPS my tune might change What are you talking about? Of course they do. They either use GPS or GSM or both to track your position and speed. How do you think it determines what speed you are doing? Magic? What brand of device do you have? It may be true that you have one of the only systems in the world doing this (e.g. Metromile) but it is not true for 99.9% of other people with trackers. The only reason it is cheaper is so they can gain customer base to justify their investment in the technology & infrastructure and hope for a legislative enforcement of the uptake of the devices.
  • runin2k1 11y ago
    They connect to the ODB port to monitor speed, and braking. From Progressive's site: What information does the device collect? The Snapshot device collects information about how you drive, how much you drive and when you drive. It also collects your vehicle identification number and triggers an email to you if it comes unplugged. Some devices collect location data: this is only for research and development purposes—we don't use it to calculate your rate.
• beachstartup 11y ago
  do yourself a favor and buy a dash cam that you control, because i guarantee that tracking device will be used against you if you get into an accident. trust me on this one, "new driver". insurance companies never do anything for your benefit, only theirs.
  • leereeves 11y ago
    How would his insurance company "use it against him"? Proving he was at fault would also prove his insurance company had to pay for the accident.
    • Starwatcher2001 11y ago
      "I'm sorry sir, the system shows you were driving 2mph over the limit when that drunk driver wrecklessly hit you, therefore you're partially to blame and we won't be paying out the full amount..."
      • muricula 11y ago
        If they wrecklessly hit you it won't be a big deal, since there was no damage. (Recklessly vs. wrecklessly. Sorry, the pun was too good to pass up)
      • deleted 11y ago
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      • messick 11y ago
        Well, the whole point of auto insurance to pay out when the driver is to blame so.....
        • avn2109 11y ago
          >> "...pay out when the driver is to blame..." That's what auto insurance marketing says, and sometimes it even works that way. But a key part of the business model is to take your money for years, and then when you do have to submit a claim, they welsh on a technicality. "Your vehicle is licensed in Seattle, but our records show you spent more than 50% of your time in California this year, therefore your coverage is retroactively void even though we took your money for 11 months." If you actually read the giant auto insurance contract you signed, it is full of this and other similar loopholes, which are quite deliberately inserted to allow the insurer to manipulate the magnitude of its payouts.
• nipponese 11y ago
  I know it feels really rad and smart when we see this headlines and say "finally Americans are waking up to privacy conerns!!!11!", but the mere existence of such a headline only indicates Americans' growing apathy to digital footprint of any kind. And for good reason: if Skynet/Matrix/Hal were close to such a self-awareness, we would have already solved some pretty legit issues (e.g., poverty, greed, insecurity, life, etc.).
  • deleted 11y ago
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  • ccvannorman 11y ago
    That is the most optimistic outlook on the AI apocalypse I have ever heard.
• manicdee 11y ago
  How much were the premiums inflated in order to convince you to opt in to the tracker? How do your premiums change when you get several years of no fault claims or no claims at all behind you?
  • 542458 11y ago
    Well, companies that didn't offer UBI-based systems (and therefore have no motivation to push me to UBI systems) offered me similarly ridiculous insurance rates. So if I'm getting screwed over it's nothing to do with the UBI systems.
• PinguTS 11y ago
  It is a small step for a longer tail. An insurance works that way, that a whole bunch of people pay a small "fee" into a teapot. If something happens to one person, than this person gets the teapot. So, it is a little like a lottery, but with the assumption that you will hopefully never win the price. That would mean, you never had an incident. This general principle is already violated, when insurance companies tweaked that system to give some people within that bunch an advantage. This advantage is given by demographics (young vs. old; male vs. female; ethnic; experience; …) to those some people. That means, that all those others will have a disadvantage. Now, this technology provides another possibility to tweak the rules, to give some people an advantage over others. That system is tweaked so long, until you have one person who will definitely pay for nothing. That means, this person is separated from the pool and pays for nothing. Because the pool still pay to cover up their ass and when something happens, it will be paid out of their pool. I hope you can see the spiral. Basically, you will now have a advantage over others in the pool. In the long run, you and we all will loose. That is (next to privacy concerns) one of the reason, why I am opposed to any of those tweaked insurances or valued-added insurances. We need to come back to the original idea of an insurance. That is also the reason, that I always think about and ask myself: "Do I really need this one?" Of course, there are some, like car insurance, which you need to have. I know, I am also rated with those insurances like my age, that I don't own property but I own a registered historic car, and such things.
• thedrbrian 11y ago
  Sounds like these systems look for all the things that make driving fun