A Snapshot of Progressive’s Snapshot: Usage-Based Insurance
When taking to the road, having auto insurance with proper coverage is a must. It can help drivers out of jams, offer them a financial cushion if the worst should happen, and ensure that any damage or injuries that come to them or people in their cars will be taken care of promptly and efficiently. While insurance does so much good, it can be pricey and can even become even more costly the more times a driver finds him or herself in an accident. Due to this, many people purchase the bare minimum of coverage to keep them safe on the road and avoid paying for things they don’t need. Unfortunately, when it comes to being out on the road, the more coverage the better, which is what prompted the development of Progressive’s innovative Snapshot device. To learn more about this device and how it can be helpful to drivers everywhere, continue reading.
What is Progressive’s Snapshot?
The idea behind Snapshot by Progressive is usage-based insurance. This means that the amount of savings a driver could have depends completely on them and their driving habits. Snapshot is literally a device designed to peek in on the user’s driving habits to gauge how safe (or unsafe) a driver is. There are plenty of factors being taken into account when it comes to using this revolutionary device, from the time of day one drives to the amount of miles one covers in a single year. While it may seem that the individual who uses Snapshot is placing themselves under severe scrutiny, it is actually a means of rewarding safe drivers for their actions and helping less-cautious drivers work harder to improve their habits with the incentive of large discounts and savings on their insurance policies. The idea behind the device and policy is solid, and for many people, it really works. Some people perform better behind the wheel when held accountable, which is exactly what Snapshot by Progressive is designed to do.
How it Snapshot Works
To begin, those wishing to use Snapshot by Progressive must sign up. Once this is done, users will receive the small device and connect it to the diagnostic port in their vehicle. The entire process should take no more than a few minutes. As soon as the Snapshot device is installed, the driver only has to begin driving as they normally would and the device effectively transmits all information needed directly to Progressive. So what kind of information is Snapshot looking for? There are three main factors driving the technology behind Snapshot. These factors determine the user’s driving behavior which, in turn, can earn discounts and savings on their car insurance. First, the device measures how much the user drives—the ideal being less than 15,000 miles a year. Second, the device determines what time of day the user usually drives. If the device finds that the majority of vehicle use occurs between midnight and the early hours of the morning, this will not bode well for the driver or their wallet. Lastly, the device measures just how many sudden or hard brakes the driver makes while operating the vehicle. Each of these factors, when combined, paints a clear picture the user’s driving habits and can tell their insurance provider just how careful they really are when behind the wheel.
Safer Driving = More Savings
Snapshot by Progressive is the newest technology that will give drivers usage-based insurance. This device will help dispel the apprehension many individuals feel when looking up insurance plans and purchasing coverage for things they feel they may not need. With Snapshot, drivers are rewarded for their safe driving, and only pay for what they need and actually use. This state-of-the-art technology is changing the way drivers consider their insurance policies. With this new reward-based option, drivers are more likely to practice defensive driving while on the road, which saved them money and makes the streets safer for everyone.