Spy Boxes Provide Auto Insurance Savings

About Spy Boxes

Spy boxes, also called, spy-in-the-car boxes, are computer monitoring devices that insurance companies can use to monitor your driving habits: when you speed, how quickly you accelerate, how hard you break, and when you're on the road. The idea behind them is to measure how safely people are driving and charge them for insurance accordingly.
As of yet, this is not a safety system. Nobody knows if you are in an accident, so no emergency vehicles will be alerted and, should you choose not a file a claim, the insurance company will be none the wiser.
GPS monitoring, however, is built into the box. This means that, should your car be lost or stolen, police and the insurance company will be able to work together to easily locate it.

How It Saves You Money

For one, there is a much smaller risk of the vehicle being stolen and lost forever. This means that there is a smaller risk of having to replace the vehicle for the insurer, so premiums will fall accordingly.
For good drivers, your lawful and safe driving skills will show up in the monitoring reports that the boxes send back to your insurer. If you never speed, your insurance provider will know it. If you stay the appropriate number of car-lengths behind vehicles, they will see that you brake slowly and therefor drive safely.
These good drivers will be rewarded with better insurance premiums.

The fact that insurers will be able to single out the riskier drivers, should they have these boxes too, means that the cost of bad driving will not be spread onto the good drivers so much.
Second, people who show good driving skills and obey all the rules of the road will be rewarded with lower rates, since they are less of a risk to the insurance company.

For Teens

Teenagers have long had extremely high insurance rates, compared to the rest of the population. Often premiums are even twice as high. Industry experts have long suspected, however, that this is a case of a few bad apples spoiling the bunch, as many teenagers are actually faultless drivers. However, there was no way for the insurance company to know which teens were dangerous and which were safe.
Until now.

Spy boxes in vehicles will allow insurers to monitor teenage motorists to determine who is driving responsibly and who isn't. The teenagers who are careful not to speed and do drive smoothly are charged lower premiums.
For example, some teenagers have as much as halved their premiums using spy boxes.

This means that, if you make sure your teen driver is safe and responsible, you will save a bundle on their auto insurance—and adding them to your policy might even lower your own premiums!
If they take a defensive driving course, they will get the defensive driving discount and their driving skills on the road will improve in the spy box monitoring system, thus rewarding them even further.

Pay As You Drive Implementation

Spy boxes will also help with "pay as you drive" auto insurance, where you are charged by the number of miles—and where—you drive. Keep an eye on your state to see if you can get this for your car insurance.

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