Saturday, February 27, 2010

Progressive's My Rate Program

After I bought my new car (and added collision coverage) my car insurance has more than doubled. Progressive has a plan in which you can add a tracker to your car and possibly save on insurance, depending on your driving habits. They claim that you can save as much as 25% on your premiums.

I have privacy concerns about this, but I am considering it anyway, if I would really save that much. I walk to work, so I really only drive my car to run errands and for the occasional road trip, and I think I drive like a Memaw, so I should be a shoo-in for a discount. But I am dubious as to whether this is like life insurance, where they quote you the premium health rate and then find reasons to slot you into the standard health prices afterward.

Do you have any experience with My Rate or a similar plan? Would you recommend it?


  1. Hello, I'm from Progressive. Saw your post and wanted to leave a comment.

    Given your driving habits, you would be a great candidate for MyRate - chances are you'd get a discount. And MyRate is completely voluntary - if you choose to opt out, you can go back to the normal Progressive rate, and we'll stop factoring in your driving data.

    For more info, check out the FAQ section on

  2. most i read said if you drive at night, (midnight to 4am) over 74mph or, accelerate or brake faster than 7mph per second.... driving more then average... these are all things they looks for (and ding you for!)

    I would've thought they monitered throttle usage (example: floor it? they now know you did!) and engine RPM.

    Personally, I drive on a highway where the going rate is in the 70's (keeping up is the safe thing to to) and I work nights (when the highway is empty!!) so I'm thinking for me its bad but maybe for you its good