How's my driving? Insurers increasingly can tell

  • Article by: The Economist
  • Updated: February 24, 2013 - 8:35 PM

Gizmos that track driving habits are changing the face of car insurance and how it is priced.

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furguson11Feb. 24, 1310:41 PM

More big brother. Of course we already give Target our data for a 5 percent discount and cub and rainbow data for a nickel a gallon off of the price of gas for every $50 spent. Then they can target advertising directly to us.

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smarterthanuFeb. 25, 13 6:30 AM

Excellent idea. I speak for everyone when I say that this idea should be extended to state monitoring of driving habits. There are far too many bad/aggressive drivers on the road.

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dpengineerFeb. 25, 13 7:47 AM

Unfortunately, these devices do not capture the type of data that would show them who the oblivious drivers are, even if they do not partake in aggressive acceleration or braking. Also, the vehicles must be from around '95 or newer as most before that did not have OBD2 diagnostic systems.

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wiseguy1Feb. 25, 13 8:19 AM

Great idea, especially if it is optional to use a telematics device.

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scubadoo68Feb. 25, 13 9:54 AM

It's always said that driving is a 'priviledge'. It makes me wonder if the state could eventually require these devices.

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zyxwvuFeb. 25, 1310:16 AM

"smarterthanu:Excellent idea. I speak for everyone" you don't speak for me or I doubt, everyone. Insurance companies want to maximize their profits while minimizing their risk. It's about money for them. Let law enforcement deal with traffic violators

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StarquestFeb. 25, 1310:40 AM

This excellent news for insurance companies and no one else.

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mkuldaFeb. 25, 1312:02 PM

The telematics devices in use don't actually beam the data in real time. The ones in use now require you to plug in the device to your car's data port and then unplug it and then plug into your computer to upload the information. Most insurers then let you see the data and decide for yourself whether you want to try for a discount and share it with them. It's a quite a little less "Big Brother" than this article notes.

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smarterthanuFeb. 26, 1312:34 AM

zyxwvu- carefully read my comment. I speak for everyone.

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