State Farm Offers Discount for Spying

August 19th, 2011
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Discount on hook

State Farm has come up with a new way to markdown prices on their customer’s car insurance rates. They will be offering discounts for those who are willing to let State Farm use an in-car device to monitor your acceleration, speed, braking, and other habits for safety.

Evolving from the current Drive Safe & Save plan with OnStar that only monitors your mileage, State Farm will be using Hughes Telematics’ In-Drive aftermarket communications device. The In-Drive module plugs into the car’s diagnostic plug and a transmitter clips to the visor.

Drive Safe & Save with In-Drive will offer three levels of useful, OnStar-like additional safety and car diagnostic features, going far beyond just keeping an eye on your driving, including:

  • Vehicle maintenance alerts and reminders
  • Roadside help
  • Emergency response
  • Stolen vehicle location
  • Location and speed alerts for families with teen and new drivers

State Farm says they will track your “mileage, turns, acceleration, braking, speed and time of day vehicle is operated.” In order to qualify for the program, drivers must opt-in for monitoring in exchange for insurance discounts.

It is projected that insurance cuts may rise up to 50% “based on how safe a person drives, when they drive, and how much they drive”. Those who volunteer can expect to save about 10% on liability, medical, collision and comprehensive coverage, resetting the transmitter at each 6-month renewal.

State Farm says that customers will be able to view online their discount standings at any time and what factors have determined it. It will also offer personalized tips on what customers can do to max their discount.

The cost of the program is $10 to sign up, six months free, then $5 to $14.99 per month after. It will start first in Illinois in September and expand next year. The question is, “What happens if you have a heavy foot?”

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